Housing & Urban Development Corporation Limited — Important, 23-04-2025: Updates

The Bond Allotment Committee has approved the issuance of Unsecured, Taxable, Redeemable, Non-Convertible, Non-Cumulative Debentures, with a face value of Rs. 1,00,000 each, amounting to a total of Rs. 2,430 Crore on a private placement basis. The base issue size is Rs. 500 Crore, with an additional Green Shoe Option of Rs. 1,930 Crore. The bonds will have a tenure of 7 years and will be redeemable at par upon maturity. A coupon rate of 6.90% will be paid annually, with interest installments scheduled for April 23 of each year from 2026 to 2032. The issue will be listed on BSE, and there are no special rights or anticipated delays in payments. This move strengthens HUDCO's financial capabilities and could enhance liquidity, contributing positively to its financial strategy. Investors should watch for how this may impact market confidence and HUDCO’s operational initiatives moving forward.