Compliance of Regulation 29(1) & 50(1) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015- regarding intimation to stock exchange in respect of Issue of Non-Convertible ....
HUDCO · price
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Awaiting price reaction for this filing.
HUDCO, a Government of India Navratna CPSE, has informed stock exchanges about a proposed bond issue under its Board-approved plan to raise up to Rs. 65,000 crore through bonds/debentures in FY 2025-26. The Bond Allotment Committee is meeting on 17th July 2025 to approve this specific tranche of unsecured, taxable, redeemable, non-convertible, non-cumulative NCDs (Series-D 2025) of face value Rs. 1,00,000 each, aggregating up to Rs. 3,000 crore (Rs. 500 crore base plus Rs. 2,500 crore green shoe option). The bonds will be privately placed via the BSE electronic bidding platform, have a 3-year tenor maturing on 17th July 2028, carry annual coupon payments, and are rated AAA/Stable by ICRA, CARE and IRRPL. The coupon rate will be decided through the bidding process. Proceeds will be used for general lending activities and refinancing existing debt.
This is a routine debt-raising exercise by HUDCO and does not dilute equity. It adds to the company's borrowing book but is well-supported by its AAA rating and government ownership, so the impact on the stock should be neutral.