Housing and Urban Development Corporation (HUDCO), on Wednesday, announced the launch of its public issue of tax-free bonds that aims to mop up around Rs.5,000 crore for lending to low-cost housing and urban infrastructure projects.

For retail investors, the bond issue carries a coupon rate of 8.01 per cent per annum for a 15-year maturity, and 7.84 per cent for 10 years. An investment of up to Rs.10 lakh would qualify under the retail category. “HUDCO has launched its tax-free bonds to raise up to Rs.5,000 crore for lending to housing and core infrastructure projects.