GIC Housing Finance Limited has informed the Exchange about Disclosure under Regulation 30 of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015 Key Information Document ( KID ) for NCDs 2025-26 Series 11
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GIC Housing Finance has filed the Key Information Document for its NCD Series 11, a private placement of 15,000 secured, listed, rated, taxable, redeemable non-convertible debentures of Rs. 1,00,000 each, aggregating Rs. 150 crore (no green shoe option). The debentures carry a fixed coupon of 7.59% per annum, payable annually, with a tenure of 470 days maturing on June 10, 2027, and a deemed allotment date of February 25, 2026. Both CRISIL and ICRA have assigned a rating of AA+/Stable. ICICI Bank is the anchor investor (Rs. 45 crore, 30% of base size) and also the arranger, while the issue will be listed on the BSE debt segment with bidding on the BSE EBP platform on February 24, 2026. Proceeds will be used for housing finance lending, repayment/refinancing of existing debt, and general business purposes.
For equity shareholders, this is a routine debt-raising exercise and is unlikely to have a direct impact on the stock price, though it signals continued borrowing to fund the company's housing finance portfolio. The AA+ rating and 7.59% coupon reflect a relatively low-risk, moderate-yield instrument suited to institutional and high-net-worth investors, not retail shareholders.