HUDCO To Raise Upto Rs 3,000 Crore Through NCDs
By Ankur Chandra | Published at: Jul 17, 2025 04:43 PM IST
New Delhi, July 17, 2025 – Housing & Urban Development Corporation Ltd (NSE: HUDCO, BSE: 540530), a Navratna Central Public Sector Enterprise, has approved the issuance of unsecured, taxable, redeemable, non-convertible debentures (Series‑D 2025)-aggregating up to ₹3,000 crore via private placement. The Bond Allotment Committee is set to meet on July 17, 2025, for allotment; allotment is expected the same day, with a face value of ₹1 lakh per NCD and a planned maturity on July 17, 2028.
Stock Performance
As of 1:08 PM IST on July 17, 2025, HUDCO shares were trading at ₹230.69, down 0.81% or ₹1.88 for the day, after opening at ₹232.00 and hitting an intraday high of ₹233.47.
Key Issue Details
The bond issuance, approved today by the company’s Bond Allotment Committee, involves Unsecured, Taxable, Redeemable, Non-Convertible, Non-Cumulative NCDs under Series-D 2025. These bonds are being raised to support the company’s ongoing infrastructure and housing finance activities.
NCD Issue Structure
| Particulars | Details |
|---|---|
| Base Issue Size | ₹500 crore |
| Green Shoe Option | ₹2,500 crore |
| Total Issue Size | ₹3,000 crore |
| Face Value per NCD | ₹1,00,000 |
| Coupon Rate | 6.64% |
| Tenure | 3 years |
| Redemption Schedule | At par at end of 3rd year |
| Interest Payment Dates | June 17, 2026; July 17, 2027 & 2028 |
| Security Type | Unsecured |
| Listing | Proposed to be listed on BSE |
No Default or Delay in Past Servicing
HUDCO confirmed that there have been no delays or defaults in payment of interest or principal on earlier debt instruments, and no adverse comments were received on past payments from any stakeholders.
The meeting of the Bond Allotment Committee commenced at 12:00 PM and concluded at 12:15 PM today.
About the Company
Housing and Urban Development Corporation Ltd. (HUDCO) is a Government of India enterprise, listed on both NSE and BSE, engaged in providing long-term finance for housing and urban infrastructure development. As a Navratna CPSE under the Ministry of Housing and Urban Affairs, it plays a crucial role in funding key infrastructure projects across the country.
The current NCD issuance underscores HUDCO’s continued commitment to financing growth-oriented initiatives aligned with India’s urban development goals.
REF: https://nsearchives.nseindia.com/corporate/HUDCO_17072025122720_NSEBSEReg30and51dt17072025.pdf
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