HUDCO Secures Massive Funding: Approves ₹20 Billion Bond Issue

Housing and Urban Development Corporation (HUDCO) has approved raising bonds aggregating up to ₹20 billion through private placement. This strategic move aims to bolster HUDCO's financial position and support its mission of providing housing finance and urban infrastructure development. The bonds, maturing in 10 years, will be unsecured, taxable, redeemable, non-convertible, and non-cumulative NCDs. HUDCO's AAA credit rating is expected to attract strong investor interest. This fundraising initiative aligns with the company's recent financial performance, which saw a 41.6% year-on-year surge in net profit to ₹735 crore in Q3 FY25. The bond issue reflects HUDCO's proactive approach to capitalizing on favorable market conditions and strengthening its funding base for future growth.

 

Source: Company Announcement, March 27, 2025