HUDCO to raise Rs 2,190 crore via private placement of NCDs

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
HUDCO plans to raise Rs 2,190 crore via private placement of NCDs
HUDCO plans to raise Rs 2,190 crore via private placement of NCDsPSU Watch Archive
Published on

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.

PSU Watch is now on Whatsapp Channels. Click here to join

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 plans to raise Rs 2,190 crore via private placement of NCDs
HUDCO notified to issue capital gain tax exemption bonds under section 54EC from April 1

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’.

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

logo
PSU Watch
psuwatch.com