The Bond Allotment Committee of Housing and Urban Development Corporation (HUDCO) has approved raising up to ₹3,000 crore through Unsecured, Taxable, Redeemable, Non-Convertible, Non-Cumulative NCDs (Series-D 2025) on a private placement basis. The decision was made during the committee meeting held on July 17, 2025.
| Particulars | Details |
|---|---|
| Issue Type | Unsecured, Taxable, Redeemable, Non-Convertible, Non-Cumulative NCDs |
| Series | D 2025 |
| Face Value | ₹1,00,000 each |
| Base Issue Size | ₹500 Crore |
| Green Shoe Option | ₹2,500 Crore |
| Total Issue Size | ₹3,000 Crore |
| Listing | BSE and NSE |
| Tenure | 3 years |
| Coupon Rate | 6.64% per annum |
| Interest Payment | Yearly |
| Interest Payment Schedule | June 17, 2026, July 17, 2027, July 17, 2028 |
| Charge/Security | Unsecured |
Detailed Analysis
The NCDs are redeemable at par at the end of the 3rd year. The coupon rate is set at 6.64%, with interest payable annually. The payment schedule for interest and principal includes June 17, 2026, July 17, 2027, and July 17, 2028. These NCDs are unsecured, and no special rights or privileges are attached to them. There is no delay in payment of interest or principal amount for a period of more than three months from the due date, and there is no default in payment of interest or principal.
Additional Context
The meeting of the Bond Allotment Committee commenced at 12:00 PM and concluded at 12:15 PM on July 17, 2025.
Market Impact
The issuance of these NCDs will allow HUDCO to raise substantial funds to further its objectives in housing and urban development projects. The listed status on both BSE and NSE will provide liquidity to investors.
