Housing and Urban Development Corporation (HUDCO) has announced the successful approval of raising ₹2,430 crore through a private placement of unsecured, taxable, redeemable, non-convertible, non-cumulative debentures (NCDs). This comes following a meeting of the Bond Allotment Committee held on April 23, 2025.
As per the regulatory filing, the issue includes a base size of ₹500 crore with a green shoe option of ₹1,930 crore, aggregating to a total issue size of ₹2,430 crore. The debentures are to be listed on the Bombay Stock Exchange (BSE).
These NCDs carry a coupon rate of 6.90% per annum, with interest payable annually on April 23 of each year. The bonds are scheduled to mature at the end of the 7th year, with the final redemption slated for April 23, 2032. The instrument is unsecured and does not carry any special rights or privileges.
This move reinforces HUDCO’s aim to support its infrastructure financing needs while offering investors a secure, fixed-income investment with medium-term returns.
There are no delays or defaults reported regarding past payments on interest or principal, and the company has maintained a clean repayment record.
This bond issuance marks a significant step in HUDCO’s funding strategy amid a growing demand for affordable housing and urban development financing in India.