Housing and Urban Development Corporation Ltd (HUDCO), a Navratna CPSE, announced on March 27, 2025, that its Bond Allotment Committee has approved the issuance of Unsecured, Taxable, Redeemable, Non-Convertible, Non-Cumulative Debentures (NCDs) under Series-G 2024, aggregating up to Rs 2,000 crore on a private placement basis.
Key details of the issue:
- Base issue size: Rs 500 crore
- Green shoe option: Rs 1,500 crore
- Total issue size: Rs 2,000 crore
- Tenure: 10 years
- Coupon rate: 7.19% annually
- Redemption: At par on March 27, 2035
- Interest payment dates: Annually on March 27 every year, starting from 2026
- Listing: Proposed on BSE
- Security: Unsecured
- Delays/defaults: No history of delays or defaults reported
The funds raised through this issuance will support HUDCO’s lending operations in the housing and infrastructure sectors. The NCDs will not carry any special rights or privileges, and both principal and interest will be paid annually without cumulative benefits.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Bond investments are subject to market risks and interest rate fluctuations. Always consult a financial advisor before making investment decisions. Neither the author nor Business Upturn is liable for any losses arising from the use of this information.
