GIC Housing Finance Limited has informed the Exchange regarding ''KID for issue of Secured, Listed, Rated, Redeemable, Taxable, Non-Convertible Debentures 2025-26 Series 09 on Private Placement basis.
GICHSGFIN · price
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Awaiting price reaction for this filing.
GIC Housing Finance is raising up to Rs. 400 crore through secured NCDs via private placement on the BSE EBP platform. The issue has two options: Option 1 of Rs. 200 crore at 7.49% p.a. for 580 days (maturing February 24, 2027), and Option 2 of Rs. 100 crore with a Rs. 100 crore green shoe option at 7.59% p.a. for 761 days (maturing August 24, 2027). Each debenture has a face value of Rs. 1 lakh. The NCDs carry a high credit rating of AA+/Stable from both CRISIL and ICRA. Anchor investors include ICICI Bank (Rs. 60 crore) and Reliance General Insurance (Rs. 30 crore). The issue opens and closes on July 22, 2025, with deemed allotment on July 24, 2025. Proceeds will be used for housing finance disbursements, refinancing existing debt, and general business purposes.
This is a routine debt-raising exercise at competitive market rates, backed by strong AA+ dual ratings. Likely neutral for shareholders as the funds support the housing finance business and refinance existing borrowings, with no equity dilution.