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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Awaiting price reaction for this filing.
HUDCO's Bond Allotment Committee approved raising of up to Rs. 750 crore through unsecured, taxable, redeemable, non-convertible, non-cumulative NCDs (Series-C 2025) on a private placement basis. The base issue size is Rs. 500 crore with a green shoe option of Rs. 250 crore, carrying a face value of Rs. 1,00,000 per debenture. The NCDs carry a coupon rate of 6.52% per annum, with a tenure of about 3 years, and will be listed on BSE. Interest and principal will be paid on June 6 of 2026, 2027, and 2028. The instrument is unsecured with no special rights attached.
This is a routine debt-raising exercise by HUDCO to bolster its funding base at a competitive rate of 6.52%. It is neither dilutive nor a sign of financial stress, and should have a neutral to mildly positive impact on the stock as it supports business growth.