Housing & Urban Development Corporation Limited — Important, 12-02-2025: Updates

The Bond Allotment Committee has approved the issuance of Unsecured, Taxable, Redeemable, Non-Convertible, Non-Cumulative NCDs with a face value of Rs. 1,00,000 each, targeting an aggregate of Rs. 2,910 Crore through private placement. The base issue size is set at Rs. 500 Crore, with a green shoe option of Rs. 2,410 Crore. The bonds will have a tenure of 10 years, redeemable at par, and offer a coupon rate of 7.29%, with interest payments scheduled annually starting from February 12, 2026. The bonds will be unsecured and are intended for listing on BSE. This strategic move could enhance liquidity and provide a flexible financing option for future initiatives, suggesting a positive outlook for the company’s financial strategy. Investors should monitor the bond's performance closely as it may impact the company's capital structure.