New Delhi: State-owned Housing and Urban Development Corporation Limited (HUDCO) has announced the raising of Rs 2,190 crore through the issuance of unsecured, taxable, redeemable, non-convertible, non-cumulative debentures (NCDs) on a private placement basis.
According to a regulatory filing made with the BSE and NSE, HUDCO's Bond Allotment Committee approved the issuance in a meeting held on May 6. The debentures, designated as Series-B 2025, will have a face value of Rs 1,00,000 each. The total issue comprises a base size of Rs 500 crore and a green shoe option of Rs 1,680 crore.
The NCDs will carry a coupon rate of 6.90 percent per annum and will be listed on the Bombay Stock Exchange (BSE). They are structured to be redeemed at par after five years, with annual interest payments scheduled for May 8, 2026; May 8, 2027; May 6, 2028; May 6, 2029; and May 8, 2030.
The bonds are unsecured and do not carry any special rights, privileges, or interest beyond the agreed terms. The company has confirmed there have been no delays or defaults in interest or principal payments, nor any adverse remarks or letters from stakeholders regarding such matters.
HUDCO, a Government of India enterprise under the Ministry of Housing and Urban Affairs, plays a significant role in financing housing and urban infrastructure projects across the country. This fundraising initiative is part of the company’s broader strategy to support development aligned with the national vision of ‘Viksit Bharat’.
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