Housing & Urban Development Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/04/2025 ,inter alia, to consider and approve Intimation ....
HUDCO · price
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HUDCO's Bond Allotment Committee is scheduled to meet on April 23, 2025, to approve the issuance of unsecured, taxable, redeemable, non-convertible, non-cumulative debentures (Series-A 2025) on a private placement basis. The issue has a base size of Rs. 500 crore with a green shoe option of up to Rs. 2,000 crore, taking the total size to Rs. 2,500 crore, with each NCD having a face value of Rs. 1,00,000 and a 7-year tenor maturing on April 23, 2032. The NCDs carry AAA ratings with stable outlook from ICRA, CARE, and IRRPL, and will be listed on BSE within three trading days of issue closure. This issuance is the first tranche under the Board's earlier approval (dated April 4, 2025) to raise up to Rs. 65,000 crore through bonds/debentures during FY 2025-26, with proceeds earmarked for lending operations and refinancing existing debt.
Since this is a debt instrument (non-convertible) from a AAA-rated government-owned entity, there is no equity dilution risk for shareholders. The issuance is consistent with HUDCO's regular funding program and is unlikely to affect the stock price meaningfully.