Housing & Urban Development Corporation Limited has informed the Exchange regarding Outcome of Committee Meeting held on July 17, 2025.
HUDCO · price
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Awaiting price reaction for this filing.
HUDCO's Bond Allotment Committee, at its meeting on July 17, 2025, approved the raising of unsecured, taxable, redeemable, non-convertible, non-cumulative NCDs (Series-D 2025) on a private placement basis. The total issue size is up to Rs. 3,000 crore, comprising a base issue of Rs. 500 crore and a green shoe option of Rs. 2,500 crore. Each NCD has a face value of Rs. 1,00,000, a 3-year tenure, and carries a coupon rate of 6.64% with yearly interest payments. The NCDs will be listed on BSE, are unsecured, carry no special rights, and HUDCO has reported no prior defaults on interest or principal payments.
This is a debt raise, not equity, so there is no dilution for existing shareholders. The Rs. 3,000 crore fundraise is likely to support HUDCO's lending and housing finance operations, and the competitive 6.64% coupon reflects the company's strong government-backed credit profile. Overall neutral to mildly positive for shareholders.