Withdrawal/Cancellation of Bond Allotment Committee Meeting to be held on 29th August, 2025
HUDCO · price
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Awaiting price reaction for this filing.
HUDCO has cancelled its Bond Allotment Committee meeting that was scheduled for August 29, 2025. The meeting was originally meant to approve the allotment of unsecured, taxable, redeemable, non-convertible, non-cumulative NCDs (Series-E 2025) of face value Rs. 1,00,000 each, aggregating up to Rs. 3,000 crore, on a private placement basis. The company has withdrawn the bond issue entirely because the coupon rates demanded by investors were higher than what HUDCO was willing to accept. HUDCO has clarified that no securities were allotted, so there is no impact on any investors from this cancellation.
No direct impact on shareholders or bond investors since nothing was allotted. The withdrawal indicates that current bond market rates are too expensive for HUDCO's comfort, and the company may return to raise funds later when pricing improves.