Compliance of Regulation 29(1)(d) & 50(1) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015-regarding intimation to stock exchanges in respect of issue of Non-Convertible ....
HUDCO · price
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HUDCO, a Navratna CPSE, has informed stock exchanges about its plan to issue unsecured, taxable, redeemable, non-convertible, non-cumulative NCDs (Series-E 2025) aggregating up to Rs. 3,000 crore (base Rs. 500 crore plus green shoe option of Rs. 2,500 crore). The NCDs will have a face value of Rs. 1,00,000, a 3-year tenor maturing on August 29, 2028, and will be issued via private placement on the NSE EBP platform with bidding on August 26, 2025 and allotment on August 29, 2025. The bonds carry the highest AAA/Stable rating from ICRA, CARE, and IRRPL, and will be listed on BSE. This issue is part of the Board's earlier approval (April 4, 2025) to raise up to Rs. 65,000 crore through bonds/debentures during FY 2025-26, with proceeds intended for lending activities and refinancing existing debt.
This is a routine debt-raising exercise by a government-backed AAA-rated company to fund its lending operations and refinance existing borrowings. It does not dilute equity, and the strong credit rating keeps borrowing costs low for shareholders. No immediate stock price impact expected.