HUDCO to raise INR 21.9bn via NCDs

The Bond Allotment Committee of HUDCO has approved the raising of INR 21.9 Billion through Unsecured, Taxable, Redeemable, Non-Convertible, Non-Cumulative NCDs with a face value of INR 100,000 each (Series-B 2025). This decision was made in accordance with SEBI LODR regulations. The base issue size is INR 5 Billion with a green shoe option of INR 16.9 Billion. The bonds, to be listed on the BSE, are redeemable at par at the end of the fifth year, with interest paid yearly at a coupon rate of 6.90%. Scheduled interest and principal payments will be made annually from May 6, 2026, to May 6, 2030. The NCDs are unsecured. The meeting where this was approved commenced at 11:45 AM and concluded at 12:05 PM on May 6, 2025.