On June 6, 2025, the Housing and Urban Development Corporation Limited (HUDCO), a Navratna Central Public Sector Enterprise under the Ministry of Housing and Urban Affairs, Government of India, approved the issuance of ₹750 crore in unsecured, taxable, redeemable non-convertible debentures (NCDs) on a private placement basis. The bonds will be listed on BSE and carry an annual interest rate of 6.52%.
The Housing and Urban Development Corporation Limited (HUDCO), a Navratna Central Public Sector Enterprise headquartered in New Delhi, India, has announced the approval of ₹750 crore worth of unsecured, taxable, redeemable, non-convertible, and non-cumulative debentures (NCDs) under Series-C 2025. This was confirmed during a meeting of the company’s Bond Allotment Committee held on June 6, 2025.
As per the disclosure under Regulation 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, HUDCO stated that the issuance would be made on a private placement basis and would be listed on the Bombay Stock Exchange (BSE).
The total issue size includes a base issue of ₹500 crore with a green shoe option of ₹250 crore, aggregating to ₹750 crore. The NCDs will be redeemable at par after a tenure of 3 years, with annual interest payments scheduled for June 6, 2026, June 6, 2027, and June 6, 2028. The coupon rate for these bonds is 6.52% per annum.
The debentures will be unsecured, and no special rights, privileges, or interest have been attached to the instruments. HUDCO also clarified that there is no history of delayed payments or defaults in its bond obligations.
No comments or objections were received from regulatory bodies concerning this issuance.
The meeting of the Bond Allotment Committee commenced at 2:00 PM and concluded at 2:15 PM.
HUDCO continues to play a significant role in financing housing and urban infrastructure development across India, reinforcing its commitment to a developed and inclusive Bharat.
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