Housing & Urban Development Corporation Limited — Important, 12-03-2025: Updates

The Bond Allotment Committee has approved the issuance of Unsecured, Taxable, Redeemable, Non-Convertible, Non-Cumulative Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating up to ₹2,842.50 Cr. This includes a base issue size of ₹700 Cr and a green shoe option of ₹2,142.50 Cr. The NCDs will offer a coupon rate of 7.37%, with interest payments scheduled annually, starting from March 12, 2026, through to March 12, 2035. These bonds will be redeemable at the end of a 10-year tenure. There are no special rights or privileges attached to the instrument, and it is categorized as unsecured without any collateral backing. Investors should observe this development closely, as it indicates HUDCO's strategic move to raise capital, potentially enhancing liquidity for future growth initiatives.