HUDCO to consider Rs 3,000 crore fundraise on July 17
Housing and Urban Development Corporation Limited (HUDCO) announced on Monday that its Bond Allotment Committee will meet on July 17, 2025, to approve the issuance and allotment of unsecured, taxable, redeemable, non-convertible debentures (NCDs) worth up to ₹3,000 crore on a private placement basis.
In a regulatory filing to the NSE and BSE dated July 14, 2025, the Navratna CPSE stated that this issuance is part of its broader board-approved plan to raise up to ₹65,000 crore through bonds/debentures in FY2025-26. The proposed Series-D 2025 NCDs will carry a face value of ₹1,00,000 per debenture and will have a tenure of three years, maturing on July 17, 2028.
According to the term sheet, the NCDs are unsecured senior debt instruments, with a fixed coupon to be paid annually. The proceeds from the issue will be used to augment HUDCO's long-term resources for lending, repayment/refinancing of existing debt, and other operational purposes in the ordinary course of business.
The NCDs are proposed to be listed on the BSE within three trading days of the issue closing, and the issuer has already secured credit ratings of [ICRA] AAA (Stable), CARE AAA (Stable), and IND AAA (Stable) from major rating agencies.
The eligible investors include mutual funds, banks, insurance companies, provident funds, pension funds, corporates, and certain foreign institutional investors, among others.
The private placement bidding is scheduled to open and close on July 15, 2025, with settlement on July 17, 2025. The minimum application size is ₹1 crore (100 NCDs), and the company also retains the green-shoe option to retain oversubscription up to ₹2,500 crore.
HUDCO's filing emphasized that the funds raised will not be earmarked for any specific project but will support its general business operations and strategic objectives.
Ahmedabad Plane Crash
Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
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