Housing & Urban Development Corporation Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 29/08/2025 ,inter alia, to consider and approve Compliance ....
HUDCO · price
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HUDCO's Bond Allotment Committee meeting on 29 August 2025 will consider approving the issue of unsecured, taxable, redeemable, non-convertible, non-cumulative NCDs (Series-E 2025) aggregating up to Rs. 3,000 crore via private placement on the NSE EBP platform. The base size is Rs. 500 crore with a green shoe option retaining oversubscription up to Rs. 2,500 crore. Each NCD has a face value of Rs. 1,00,000, a 3-year tenor maturing on 29 August 2028, and annual coupon payments. The bonds carry AAA (Stable) ratings from ICRA, CARE, and IRRPL. The issuance falls under HUDCO's already-approved plan to raise up to Rs. 65,000 crore through bonds/debentures in FY 2025-26. Proceeds will be used for general lending operations and refinancing of existing debt.
This is a routine debt-raising exercise by a Navratna CPSE with top-tier AAA ratings and does not dilute equity. Shareholders are not directly affected. Strong investor eligibility (mutual funds, banks, insurers, FPI) and AAA rating suggest smooth subscription, supporting HUDCO's lending growth.