Housing & Urban Development Corporation Limited has informed the Exchange regarding Bond Allotment Committee Meeting for considering fund raising
HUDCO · price
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HUDCO's Bond Allotment Committee, on June 6, 2025, approved raising up to Rs. 750 crore through unsecured, taxable, redeemable, non-convertible, non-cumulative non-convertible debentures (NCDs) of face value Rs. 1,00,000 each (Series-C 2025) on a private placement basis. The issue comprises a base size of Rs. 500 crore with a green shoe option of Rs. 250 crore, carries a coupon rate of 6.52%, and has a tenure of about 3 years and 9 months with yearly interest payments and at-par redemption. The NCDs will be listed on BSE, are unsecured with no special rights attached, and HUDCO has no history of default or delay in interest/principal payments.
This is a routine debt-raising exercise by HUDCO at a competitive coupon rate, indicating healthy access to capital markets. Shareholders are not directly affected as it does not dilute equity, though it will modestly increase the company's interest outflow over the next ~4 years.