HUDCO raises Rs 1,905 crore via 7-year NCDs at 6.98 percent coupon
HUDCO · price
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On the reaction day the stock moved 0.7 pts less than Nifty Midcap 150 and in line with its Financial Institution peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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HUDCO Bond Allotment Committee approved raising up to Rs 1,905 crore through unsecured taxable redeemable non-convertible NCDs on private placement. Base size Rs 500 crore plus green shoe Rs 1,405 crore. Face value Rs 1 lakh each. 7-year tenure redeemable at par on Dec 12 2032. Annual interest at 6.98 percent coupon. Listed on BSE and NSE.
Strengthens loan book and capital position via private debt at moderate borrowing cost of 6.98 percent over 7 years.