New Delhi: The Housing and Urban Development Corporation Ltd (HUDCO), a Navratna Central Public Sector Enterprise (CPSE), has announced that it will raise Rs 3,000 crore through the issuance of unsecured, taxable, redeemable, non-convertible, and non-cumulative debentures (NCDs) on a private placement basis.
The decision was approved during the meeting of HUDCO’s Bond Allotment Committee held on July 17. The issue, identified as Series-D 2025, will consist of NCDs with a face value of Rs 1,00,000 each. The base issue size is Rs 500 crore, with a green shoe option of Rs 2,500 crore, aggregating to a total of Rs 3,000 crore.
The NCDs will be listed on the Bombay Stock Exchange (BSE) and will carry an annual coupon rate of 6.64 percent. The bonds are structured to be redeemed at par at the end of three years, with interest payments scheduled on June 17, 2026, July 17, 2027, and July 17, 2028.
The instrument is unsecured and does not carry any special rights or privileges. HUDCO confirmed that there have been no delays or defaults in payments related to interest or principal, and no adverse comments have been received from any authority regarding the same.
HUDCO, a key player in India’s housing and infrastructure financing sector, continues to leverage market instruments to fund its operations and contribute to the vision of a “Viksit Bharat.”
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