Housing and Urban Development Corporation (HUDCO), a Navratna CPSE under the Government of India, has successfully raised Rs 2,190 crore through a private placement of unsecured, taxable, redeemable, non-convertible, non-cumulative debentures (NCDs). The bond allotment committee approved the issuance during its meeting on May 6, 2025.
The issue consists of a base size of Rs 500 crore and a green shoe option of Rs 1,680 crore, totaling Rs 2,190 crore. These NCDs carry an annual coupon rate of 6.90% and will mature in five years. Interest payments will be made annually on dates ranging from May 8, 2026, to May 8, 2030.
The NCDs are proposed to be listed on the BSE. The instruments are unsecured and do not carry any special rights or privileges. HUDCO has clarified that there have been no delays in prior payments, nor any regulatory comments or concerns raised in relation to such instruments.
This issuance is part of HUDCO’s broader strategy to fund its developmental financing operations across India, supporting the government’s vision of “Viksit Bharat.”
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Debenture investments are subject to credit, market, and regulatory risks. Always consult with a financial advisor before making investment decisions.
