Housing & Urban Development Corporation Limited has informed the Exchange regarding Outcome of Committee Meeting held on February 13, 2026.
HUDCO · price
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HUDCO's Bond Allotment Committee, at its meeting on February 13, 2026, approved the issuance of perpetual subordinated, listed, unsecured, taxable, rated, non-convertible debentures on a private placement basis. The total issue size is Rs. 1,442 crore, comprising a base size of Rs. 500 crore plus a green shoe option of Rs. 942 crore, with each debenture carrying a face value of Rs. 1 crore. The debentures will be listed on BSE, carry a coupon of 7.87% per annum, and have a perpetual tenor with a call option exercisable by the issuer after 10 years (from February 13, 2026) subject to RBI approval. The instrument is unsecured and will not carry any special rights or interest/principal default issues.
This Rs. 1,442 crore raise boosts HUDCO's long-term lending capital at a competitive 7.87% cost, supporting its housing finance growth. However, the perpetual (AT1-like) nature means these are quasi-equity instruments that may pressure equity returns if not called, and any future exercise of the call option will require RBI approval.