HUDCO to raise ₹1,905 crore through NCDs for private placement

HUDCO announced on December 12, 2025, that its bond allotment committee approved raising up to ₹1,905 crore through unsecured, taxable, redeemable, non-convertible, non-cumulative debentures (NCDs). These NCDs, with a face value of ₹1,00,000 each and designated as Series-E 2025, will be issued on a private placement basis. The total issue comprises a base issue of ₹500 crore and a green shoe option of ₹1,405 crore.

The bonds, bearing a coupon rate of 6.98%, will be listed on the BSE and are redeemable at par after seven years. Interest payments are scheduled annually, with the first payment due on December 12, 2026, and subsequent payments through December 12, 2032, which will also include the principal redemption.

The decision aligns with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, demonstrating HUDCO's strategy to secure financing for "Viksit Bharat." The bond allotment committee meeting concluded on the same day.