Housing & Urban Development Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/02/2026 ,inter alia, to consider and approve Issue ....
HUDCO · price
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HUDCO's board is set to meet on 13 February 2026 to approve the issuance of perpetual, subordinated, unsecured, taxable, non-convertible bonds via private placement on the BSE Electronic Book Platform. The base issue size is Rs. 500 crore with a green-shoe option of up to Rs. 1,000 crore, taking the maximum size to Rs. 1,500 crore. The bonds are rated CARE AAA and ACUITE AAA (both Stable), eligible for Qualified Institutional Buyers only, with a face value of Rs. 1 crore each and a minimum application of Rs. 1 crore. The coupon rate will be decided on the bidding date on the EBP platform, with annual interest payments and a one-time step-up of 50 basis points on 13 February 2036 if the call option is not exercised. Proceeds will be used to augment long-term resources and qualify as Tier I or Tier II capital under RBI's NBFC regulations.
This is a debt-raising move, not an equity dilution, so existing shareholders are not directly impacted in terms of shareholding. The perpetual bonds will strengthen HUDCO's capital base (Tier I/II), supporting lending growth. The high credit rating (AAA) and RBI oversight of the call option keep risk low, but coupon payments could pressure profitability if rates turn out high.