Housing & Urban Development Corporation Limited — Board Meeting, 06-05-2025: Outcome of Board Meeting

HUDCO has announced a board meeting on approving a private placement of unsecured, taxable, redeemable non-convertible debentures worth Rs 2,190 Cr (base Rs 500 Cr plus green shoe Rs 1,680 Cr). These 5-year bonds offer a 6.90% annual coupon, with interest payments starting May 2026, and will be listed on BSE. This fundraise bolsters HUDCO’s capital to fuel infrastructure and urban development lending.