Housing & Urban Development Corporation Limited has informed the Exchange regarding ''Outcome of Bond Allotment Committee Meeting for raising of Funds through issue of NCDs through Private Placement''.
HUDCO · price
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HUDCO's Bond Allotment Committee, in a meeting on 8 May 2025, approved raising up to Rs. 2,190 crore through unsecured, taxable, redeemable, non-convertible, non-cumulative debentures (NCDs) on a private placement basis. The issue has a base size of Rs. 500 crore with a green shoe option of Rs. 1,680 crore, and each debenture has a face value of Rs. 1,00,000. The NCDs carry a coupon rate of 6.90% per annum, payable yearly, with a 5-year tenure and redemption at par. The debentures will be listed on BSE and are unsecured with no special rights attached.
This is a standard debt-raising exercise by HUDCO at a competitive coupon, expanding its borrowing base by Rs. 2,190 crore to fund lending operations. It is not dilutive for shareholders but adds to the company's interest obligations over the next 5 years.