India's securitization market is set to see two major transactions before the end of its fiscal year on March 31, 2000, with the country's Housing and Urban Development Corp. (Hudco) hoping to launch a deal backed by infrastructure loans, and the National Housing Bank (NHB) inching closer toward launching India's first mortgage-backed securities transaction.

Despite reports in the business press suggesting that Hudco's deal would be structured as a Eurobond, both transactions will be denominated in rupees and aimed at local investors.

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