Hudco raises $448 million in Yen Debt
The Housing and Urban Development Corp (Hudco) has raised 60 billion yen ($448 million) from three of the largest banks in Japan in what is a rare transaction for a government-owned company in that currency. Mitsubishi UFJ Financial Group (MUFG), Sumitomo Mitsui Banking Corp (SMBC) and Mizuho Bank, three of the largest banking groups in…