Hudco to raise INR2,842.50 crore via NCDs

HUDCO announced plans to raise ₹2,842.50 Crore through Unsecured, Taxable, Redeemable, Non-Convertible, Non-Cumulative NCDs (Series -F 2024) with a face value of ₹1,00,000 each. Approved at a meeting held on March 12, 2025, the bonds will be issued on a private placement basis. The base issue size is ₹700 crore, with a green shoe option of ₹2,142.50 crore. The bonds, which will be listed on the BSE, carry a coupon rate of 7.37% and are redeemable at par at the end of the 10th year, with yearly interest payments. Coupon and principal will be paid annually every March 12, from 2026 to 2035. The NCDs are unsecured.