India, July 29 -- Housing and Urban Development Corporation Ltd (Hudco) on Tuesday said it plans to raise $1.3 billion via external commercial borrowings (ECB) in the next five months to fund urban infra in the country.

Hudco, a techno-financing public sector enterprise in the field of housing and infrastructure development, intends to raise up to $2 billion through ECB under the RBI concessional swap window available up to December 31, 2026.

"So, far we have raised $700 million through External Commercial Borrowings this financial year. Remaining $1.3 billion would be raised in the next five months depending on funding requirement," Hudco Chairman and Managing Director Sanjay Kulshrestha said.

The Reserve Bank of India (RBI) in June o...