The Housing and Urban Development Corporation (Hudco) has raised Rs 13 billion through the private placement of non-convertible bonds to finance affordable housing and urban infrastructure projects. The entire amount was raised in two tranches in September 2016. While the first tranche of Rs 7 billion was raised at 7.36 per cent, the second tranche of Rs 6 billion was mopped up at 7.35 per cent. These bonds will be due for maturity on November 30, 2019 and January 22, 2020 respectively. Hudco has raised Rs 18 billion so far in this fiscal year through the private placement of bonds and another Rs 2.5 billion through other sources, including public deposits.