Housing & Urban Development Corporation Limited — Important, 27-03-2025: Updates

The Bond Allotment Committee has approved the raising of unsecured, taxable, redeemable, non-convertible, non-cumulative debentures (NCDs) worth up to ₹2,000 Crore on a private placement basis. The base issue size is set at ₹500 Crore, with a green shoe option of ₹1,500 Crore, making the total issue size ₹2,000 Crore. The bonds will have a tenure of 10 years and will be redeemable at par, with annual interest payments. The coupon rate offered is 7.19%, with scheduled interest payments occurring annually from March 2026 through March 2035. Importantly, there are no special rights or privileges associated with the instrument, and it will not be secured by any assets. This move potentially bolsters HUDCO’s financial flexibility, providing a positive outlook for funding future projects.