HUDCO
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Recent events
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News
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Corporate Actions
Housing And Urban Development Corporation Signs MoU With NBCC In New Delhi
Sept 19 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HOUSING AND URBAN DEVELOPMENT CORPORATION - SIGNS MOU WITH NBCC IN NEW DELHI
Source text: ID:nBSE67cV3X
Further company coverage: HUDC.NS
(([email protected];;))
Sept 19 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HOUSING AND URBAN DEVELOPMENT CORPORATION - SIGNS MOU WITH NBCC IN NEW DELHI
Source text: ID:nBSE67cV3X
Further company coverage: HUDC.NS
(([email protected];;))
Housing And Urban Development Corporation Signs Pact With Nagpur Metropolitan Region Development Authority
India New Issue-HUDCO withdraws 3-year bond issue, bankers say
MUMBAI, Aug 26 (Reuters) - India's Housing and Urban Development Corp HUDC.NS has withdrawn its planned 3-year bond issue, three bankers said on Tuesday.
The company had planned to raise 30 billion rupees ($341.7 million) through the issue and had invited coupon and commitment bids earlier in the day, they said.
HUDCO did not immediately reply to a Reuters email seeking comment.
"Had HUDCO taken the full 30 billion rupees, the cutoff would have been 6.88%," one of the banker said.
($1 = 87.5060 Indian rupees)
(Reporting by Khushi Malhotra)
MUMBAI, Aug 26 (Reuters) - India's Housing and Urban Development Corp HUDC.NS has withdrawn its planned 3-year bond issue, three bankers said on Tuesday.
The company had planned to raise 30 billion rupees ($341.7 million) through the issue and had invited coupon and commitment bids earlier in the day, they said.
HUDCO did not immediately reply to a Reuters email seeking comment.
"Had HUDCO taken the full 30 billion rupees, the cutoff would have been 6.88%," one of the banker said.
($1 = 87.5060 Indian rupees)
(Reporting by Khushi Malhotra)
India New Issue-HUDCO to issue 3-year bonds, bankers say
MUMBAI, Aug 22 (Reuters) - India's Housing and Urban Development Corp HUDC.NS (HUDCO) plans to raise 30 billion rupees ($342.75 million), including a greenshoe option of 25 billion rupees, selling bonds maturing in three years, three bankers said on Friday.
The company has invited coupon and commitment bids from bankers and investors on Tuesday, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on August 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 3 years | To be decided | 5+25 | August 26 | AAA (Icra, India Ratings) |
Poonawalla Fincorp | 2 years and 6 months | 7.52 | 5 | August 22 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.5262 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, Aug 22 (Reuters) - India's Housing and Urban Development Corp HUDC.NS (HUDCO) plans to raise 30 billion rupees ($342.75 million), including a greenshoe option of 25 billion rupees, selling bonds maturing in three years, three bankers said on Friday.
The company has invited coupon and commitment bids from bankers and investors on Tuesday, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on August 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 3 years | To be decided | 5+25 | August 26 | AAA (Icra, India Ratings) |
Poonawalla Fincorp | 2 years and 6 months | 7.52 | 5 | August 22 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.5262 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
Hudco Dividend Of 1.15 Rupees Per Share
Aug 6 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HUDCO - DIVIDEND OF 1.15 RUPEES PER SHARE
Source text: ID:nnAZN4BNYXW
Further company coverage: HUDC.NS
(([email protected];))
Aug 6 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HUDCO - DIVIDEND OF 1.15 RUPEES PER SHARE
Source text: ID:nnAZN4BNYXW
Further company coverage: HUDC.NS
(([email protected];))
HUDCO Approves Raising Up To 30 Bln Rupees Via NCDs
July 17 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
APPROVED RAISING UP TO 30 BILLION RUPEES VIA NCDS
Source text: ID:nnAZN473EJ3
Further company coverage: HUDC.NS
(([email protected];;))
July 17 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
APPROVED RAISING UP TO 30 BILLION RUPEES VIA NCDS
Source text: ID:nnAZN473EJ3
Further company coverage: HUDC.NS
(([email protected];;))
India New Issue-HUDCO accepts bids for 3-year bonds worth 30 billion rupees, bankers say
MUMBAI, July 15 (Reuters) - India's Housing and Urban Development Corp HUDC.NS (HUDCO) has accepted bids worth 30 billion rupees ($349.74 million) for bonds maturing in three years, three bankers said on Tuesday.
The company will pay an annual coupon of 6.64% and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on July 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 3 years | 6.64 | 30 | July 15 | AAA (Icra, India Ratings) |
Bajaj Housing Finance | 3 years | 6.97 | 5+5 | July 16 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.7770 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair)
MUMBAI, July 15 (Reuters) - India's Housing and Urban Development Corp HUDC.NS (HUDCO) has accepted bids worth 30 billion rupees ($349.74 million) for bonds maturing in three years, three bankers said on Tuesday.
The company will pay an annual coupon of 6.64% and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on July 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 3 years | 6.64 | 30 | July 15 | AAA (Icra, India Ratings) |
Bajaj Housing Finance | 3 years | 6.97 | 5+5 | July 16 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.7770 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair)
India New Issue-HUDCO accepts bids for 3-year bonds, bankers say
MUMBAI, June 4 (Reuters) - India's Housing and Urban Development Corp HUDC.NS (HUDCO) has accepted bids worth 7.50 billion rupees ($87.25 million) for bonds maturing in three years, three bankers said on Wednesday.
The company will pay an annual coupon of 6.52% and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 4:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 3 years | 6.52 | 7.50 | June 4 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.9600 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra
)
MUMBAI, June 4 (Reuters) - India's Housing and Urban Development Corp HUDC.NS (HUDCO) has accepted bids worth 7.50 billion rupees ($87.25 million) for bonds maturing in three years, three bankers said on Wednesday.
The company will pay an annual coupon of 6.52% and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 4:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 3 years | 6.52 | 7.50 | June 4 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.9600 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra
)
HUDCO March-Quarter Consol Profit 7.28 Bln Rupees
May 7 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
MARCH-QUARTER CONSOL PROFIT 7.28 BILLION RUPEES
MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 28.45 BILLION RUPEES
DIVIDEND 1.05 RUPEESPER SHARE
Source text: [ID:]
Further company coverage: HUDC.NS
(([email protected];;))
May 7 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
MARCH-QUARTER CONSOL PROFIT 7.28 BILLION RUPEES
MARCH-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 28.45 BILLION RUPEES
DIVIDEND 1.05 RUPEESPER SHARE
Source text: [ID:]
Further company coverage: HUDC.NS
(([email protected];;))
HUDCO Approved Raising Of Debentures Worth Up To 21.9 Billion Rupees
May 6 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HUDCO - APPROVED RAISING OF DEBENTURES WORTH UP TO 21.9 BILLION RUPEES
Source text: ID:nBSE2sqnxQ
Further company coverage: HUDC.NS
(([email protected];))
May 6 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HUDCO - APPROVED RAISING OF DEBENTURES WORTH UP TO 21.9 BILLION RUPEES
Source text: ID:nBSE2sqnxQ
Further company coverage: HUDC.NS
(([email protected];))
India New Issue-HUDCO accepts bids for 5-year bonds, bankers say
MUMBAI, May 2 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS has accepted bids worth 21.90 billion rupees ($261.2 million) for bonds maturing in five years, three bankers said on Friday.
The company will pay an annual coupon of 6.90% on this issue, and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on May 2:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 5 years | 6.90 | 21.90 | May 2 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 83.8490 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, May 2 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS has accepted bids worth 21.90 billion rupees ($261.2 million) for bonds maturing in five years, three bankers said on Friday.
The company will pay an annual coupon of 6.90% on this issue, and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on May 2:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 5 years | 6.90 | 21.90 | May 2 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 83.8490 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
HUDCO To Consider Issue Of NCDs Of Up To 30 Bln Rupees
April 30 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
TO CONSIDER ISSUE OF NCDS OF UP TO 30 BILLION RUPEES
Source text: ID:nBSE6P0W9P
Further company coverage: HUDC.NS
(([email protected];;))
April 30 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
TO CONSIDER ISSUE OF NCDS OF UP TO 30 BILLION RUPEES
Source text: ID:nBSE6P0W9P
Further company coverage: HUDC.NS
(([email protected];;))
India's HUDCO gets government nod to issue deep-discount, long-tenor debt
MUMBAI, April 22 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS has received government approval to raise up to 50 billion rupees ($586.8 million) through a rarely used corporate bond structure.
HUDCO has until the end of March 2027 to raise funds via deep-discount zero-coupon bonds with a maturity of 10 years and one month, a government document dated April 17 showed.
Deep-discount bonds are generally issued at a more than 20%-25% discount to their face value and do not pay regular interest, a feature similar to zero-coupon notes that removes reinvestment risks.
HUDCO did not reply to a Reuters email seeking comment.
HUDCO becomes the second government entity in two months after Power Finance Corp (PFC) PWFC.NS, that has received such approval from the government.
In March, PFC got approval to raise 100 billion rupees through this instrument.
($1 = 85.2100 Indian rupees)
(Reporting by Dharamraj Dhutia)
(([email protected];))
MUMBAI, April 22 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS has received government approval to raise up to 50 billion rupees ($586.8 million) through a rarely used corporate bond structure.
HUDCO has until the end of March 2027 to raise funds via deep-discount zero-coupon bonds with a maturity of 10 years and one month, a government document dated April 17 showed.
Deep-discount bonds are generally issued at a more than 20%-25% discount to their face value and do not pay regular interest, a feature similar to zero-coupon notes that removes reinvestment risks.
HUDCO did not reply to a Reuters email seeking comment.
HUDCO becomes the second government entity in two months after Power Finance Corp (PFC) PWFC.NS, that has received such approval from the government.
In March, PFC got approval to raise 100 billion rupees through this instrument.
($1 = 85.2100 Indian rupees)
(Reporting by Dharamraj Dhutia)
(([email protected];))
Housing And Urban Development Corp Gets Permission To Issue 50 Bln Rupees Zero Coupon Bonds
April 21 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
GOT PERMISSION TO ISSUE 50 BILLION RUPEES ZERO COUPON BONDS
Source text: ID:nBSE1qQ7CR
Further company coverage: HUDC.NS
(([email protected];;))
April 21 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
GOT PERMISSION TO ISSUE 50 BILLION RUPEES ZERO COUPON BONDS
Source text: ID:nBSE1qQ7CR
Further company coverage: HUDC.NS
(([email protected];;))
HUDCO Says Bond Allotment Committee Proposes To Approve Issue Of NCDs Up To 25 Bln Rupees
April 17 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
BOND ALLOTMENT COMMITTEE PROPOSES TO APPROVE ISSUE OF NCDS UP TO 25 BILLION RUPEES
Source text: ID:nBSE99ySVc
Further company coverage: HUDC.NS
(([email protected];;))
April 17 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
BOND ALLOTMENT COMMITTEE PROPOSES TO APPROVE ISSUE OF NCDS UP TO 25 BILLION RUPEES
Source text: ID:nBSE99ySVc
Further company coverage: HUDC.NS
(([email protected];;))
India New Issue-HUDCO to issue 7-year bonds, bankers say
MUMBAI, April 16 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS plans to raise 25 billion rupees ($292 million), including a greenshoe option of 20 billion rupees, through the sale of bonds maturing in seven years, three bankers said on Wednesday.
The company has invited coupon and commitment bids from bankers and investors on Monday, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on 16:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 7 years | To be decided | 5+20 | April 21 | AAA (Icra, India Ratings, Care) |
Altius Telecom Infra Trust | 10 years | 7.45 (quarterly | 12 | April 17 | AAA (Crisil, Care) |
Bajaj Finance | 3 years and 2 months | 7.3763 (yield) | 5 | April 16 | AAA (Crisil) |
Poonawalla Fincorp | 2 years | 7.65 | 11.60 | April 17 | AAA (Crisil) |
Poonawalla Fincorp | 3 years | 7.70 | 2.15+5 | April 17 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.6120 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, April 16 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS plans to raise 25 billion rupees ($292 million), including a greenshoe option of 20 billion rupees, through the sale of bonds maturing in seven years, three bankers said on Wednesday.
The company has invited coupon and commitment bids from bankers and investors on Monday, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on 16:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 7 years | To be decided | 5+20 | April 21 | AAA (Icra, India Ratings, Care) |
Altius Telecom Infra Trust | 10 years | 7.45 (quarterly | 12 | April 17 | AAA (Crisil, Care) |
Bajaj Finance | 3 years and 2 months | 7.3763 (yield) | 5 | April 16 | AAA (Crisil) |
Poonawalla Fincorp | 2 years | 7.65 | 11.60 | April 17 | AAA (Crisil) |
Poonawalla Fincorp | 3 years | 7.70 | 2.15+5 | April 17 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.6120 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Savio D'Souza)
Housing And Urban Development Corporation Signs MoU With MMRDA
April 8 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HOUSING AND URBAN DEVELOPMENT CORPORATION LTD - SIGNS MOU WITH MMRDA
HOUSING AND URBAN DEVELOPMENT CORPORATION LTD - TO PROVIDE FUNDS UP TO 1.50 TRILLION RUPEES OVER FIVE YEARS
HOUSING AND URBAN DEVELOPMENT CORP - TO EXTEND CONSULTANCY SERVICES, CAPACITY BUILDING ACTIVITIES
Source text: ID:nBSE7cPHDV
Further company coverage: HUDC.NS
(([email protected];;))
April 8 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
HOUSING AND URBAN DEVELOPMENT CORPORATION LTD - SIGNS MOU WITH MMRDA
HOUSING AND URBAN DEVELOPMENT CORPORATION LTD - TO PROVIDE FUNDS UP TO 1.50 TRILLION RUPEES OVER FIVE YEARS
HOUSING AND URBAN DEVELOPMENT CORP - TO EXTEND CONSULTANCY SERVICES, CAPACITY BUILDING ACTIVITIES
Source text: ID:nBSE7cPHDV
Further company coverage: HUDC.NS
(([email protected];;))
Housing And Urban Development Corporation To Consider Raising Funds Up To 650 Bln Rupees In FY 2025-26
March 28 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
TO CONSIDER RAISING FUNDS UP TO 650 BILLION RUPEES IN FY 2025-26
TO CONSIDER INCREASING BORROWING LIMIT TO 2.50 TRILLION RUPEES
Source text: ID:nBSECHPVb
Further company coverage: HUDC.NS
(([email protected];;))
March 28 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
TO CONSIDER RAISING FUNDS UP TO 650 BILLION RUPEES IN FY 2025-26
TO CONSIDER INCREASING BORROWING LIMIT TO 2.50 TRILLION RUPEES
Source text: ID:nBSECHPVb
Further company coverage: HUDC.NS
(([email protected];;))
HUDCO Approves Raising Of Bonds Aggregating Upto 20 Billion Rupees On Private Placement Basis
March 27 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
APPROVED RAISING OF BONDS AGGREGATING UPTO 20 BILLION RUPEES ON PRIVATE PLACEMENT BASIS
Source text: ID:nBSEQ3ds4
Further company coverage: HUDC.NS
(([email protected];;))
March 27 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
APPROVED RAISING OF BONDS AGGREGATING UPTO 20 BILLION RUPEES ON PRIVATE PLACEMENT BASIS
Source text: ID:nBSEQ3ds4
Further company coverage: HUDC.NS
(([email protected];;))
India New Issue-HUDCO accepts bids for 10-year bonds, bankers say
MUMBAI, March 25 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS has accepted bids worth 20 billion rupees ($233.1 million) for bonds maturing in 10 years, three bankers said on Tuesday.
The company will pay an annual coupon of 7.19% on this issue and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on March 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 10 years | 7.19% | 20 | March 25 | AAA (Icra, India Ratings, Care) |
IREDA | 10 years | 7.74% | 9.10 | March 25 | AAA (Icra, India Ratings) |
Exim Bank | 5 years and 3 months | 7.12% | 23.5 | March 25 | AAA (Crisil, Icra) |
Axis Finance | 5 years | To be decided | 5+5 | March 26 | AAA (India Ratings) |
Toyota Financial Services | 2 years and 11 months | To be decided | 5 | March 26 | AAA (Icra) |
IIFCL | 7 years | To be decided | 2.50+7.50 | March 26 | AAA (Care, India Ratings) |
IRFC | 10 year and 1 month | To be decided | 5+25 | March 26 | AAA (Crisil, Icra, Care) |
Cholamandalam Investment | 2 years | To be decided | 10+2 | March 25 | AA+ (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.7875 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, March 25 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS has accepted bids worth 20 billion rupees ($233.1 million) for bonds maturing in 10 years, three bankers said on Tuesday.
The company will pay an annual coupon of 7.19% on this issue and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on March 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 10 years | 7.19% | 20 | March 25 | AAA (Icra, India Ratings, Care) |
IREDA | 10 years | 7.74% | 9.10 | March 25 | AAA (Icra, India Ratings) |
Exim Bank | 5 years and 3 months | 7.12% | 23.5 | March 25 | AAA (Crisil, Icra) |
Axis Finance | 5 years | To be decided | 5+5 | March 26 | AAA (India Ratings) |
Toyota Financial Services | 2 years and 11 months | To be decided | 5 | March 26 | AAA (Icra) |
IIFCL | 7 years | To be decided | 2.50+7.50 | March 26 | AAA (Care, India Ratings) |
IRFC | 10 year and 1 month | To be decided | 5+25 | March 26 | AAA (Crisil, Icra, Care) |
Cholamandalam Investment | 2 years | To be decided | 10+2 | March 25 | AA+ (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.7875 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Mrigank Dhaniwala)
India New Issue-HUDCO to issue 10-year bonds, bankers say
MUMBAI, March 21 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS plans to raise 20 billion rupees ($232.8 million), including a greenshoe option of 15 billion rupees, selling bonds maturing in 10 years, three bankers said on Friday.
The company has invited coupon and commitment bids from bankers and investors on Tuesday, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on March 21:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 10 years | To be decided | 5+15 | March 25 | AAA (Icra, India Ratings, Care) |
EXIM Bank | 5 years and 3 months | To be decided | 5+20 | March 25 | AAA (Crisil, Icra) |
LIC Housing Finance | 10 years | 7.58 | 70 | March 21 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.9220 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Savio D'Souza)
MUMBAI, March 21 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS plans to raise 20 billion rupees ($232.8 million), including a greenshoe option of 15 billion rupees, selling bonds maturing in 10 years, three bankers said on Friday.
The company has invited coupon and commitment bids from bankers and investors on Tuesday, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on March 21:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 10 years | To be decided | 5+15 | March 25 | AAA (Icra, India Ratings, Care) |
EXIM Bank | 5 years and 3 months | To be decided | 5+20 | March 25 | AAA (Crisil, Icra) |
LIC Housing Finance | 10 years | 7.58 | 70 | March 21 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.9220 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Savio D'Souza)
HUDCO Says Loan Agreement Executed Between HUDCO And APCRDA
March 18 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
LOAN AGREEMENT EXECUTED BETWEEN HUDCO AND APCRDA
Source text: [ID:]
Further company coverage: HUDC.NS
(([email protected];;))
March 18 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
LOAN AGREEMENT EXECUTED BETWEEN HUDCO AND APCRDA
Source text: [ID:]
Further company coverage: HUDC.NS
(([email protected];;))
Housing And Urban Development Corporation To Raise Bonds Aggregating Upto 28.43 Billion Rupees
March 12 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
TO RAISE BONDS AGGREGATING UPTO 28.43 BILLION RUPEES
Source text: ID:nBSEdbSq1
Further company coverage: HUDC.NS
(([email protected];;))
March 12 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
TO RAISE BONDS AGGREGATING UPTO 28.43 BILLION RUPEES
Source text: ID:nBSEdbSq1
Further company coverage: HUDC.NS
(([email protected];;))
India New Issue-HUDCO accepts bids for 10-year bonds, bankers say
MUMBAI, March 10 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS has accepted bids worth 28.43 billion rupees ($326.1 million) for bonds maturing in 10 years, three bankers said on Monday.
The company will pay an annual coupon of 7.37% on this issue and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on March 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 10 years | 7.37 | 28.43 | March 10 | AAA (Icra, India Ratings, Care) |
*Size includes base plus greenshoe for some issues
($1 = 87.1780 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, March 10 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS has accepted bids worth 28.43 billion rupees ($326.1 million) for bonds maturing in 10 years, three bankers said on Monday.
The company will pay an annual coupon of 7.37% on this issue and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on March 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 10 years | 7.37 | 28.43 | March 10 | AAA (Icra, India Ratings, Care) |
*Size includes base plus greenshoe for some issues
($1 = 87.1780 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
India New Issue-HUDCO to issue 10-year bonds, bankers say
MUMBAI, March 6 (Reuters) - India's Housing and Urban Development Corp HUDC.NS (HUDCO) plans to raise 40 billion rupees ($459.44 million), including a greenshoe option of 33 billion rupees, selling bonds maturing in 10 years, three bankers said on Thursday.
The company has invited coupon and commitment bids from bankers and investors on Monday, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on March 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 10 years | To be decided | 7+33 | March 10 | AAA (Icra, India Ratings, Care) |
Edel Finance | 3 years | 10.35 | 5 | March 7 | A+ (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 87.0625 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)
MUMBAI, March 6 (Reuters) - India's Housing and Urban Development Corp HUDC.NS (HUDCO) plans to raise 40 billion rupees ($459.44 million), including a greenshoe option of 33 billion rupees, selling bonds maturing in 10 years, three bankers said on Thursday.
The company has invited coupon and commitment bids from bankers and investors on Monday, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on March 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 10 years | To be decided | 7+33 | March 10 | AAA (Icra, India Ratings, Care) |
Edel Finance | 3 years | 10.35 | 5 | March 7 | A+ (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 87.0625 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)
India New Issue-HUDCO accepts bids for 10-year bonds, bankers say
MUMBAI, Feb 10 (Reuters) - India's Housing and Urban Development Corp HUDC.NS (HUDCO) has accepted bids worth 29.10 billion rupees ($332.3 million) for bonds maturing in 10 years, three bankers said on Monday.
The company will pay an annual coupon of 7.29% on this issue and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on February 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 10 years | 7.29 | 29.10 | Feb. 10 | AAA (India Ratings, Care) |
Cube Highways Trust | 17 years and 11 months | 7.67 (quarterly) | 8.60 | Feb. 10 | AAA (Crisil) |
Aditya Birla Finance | Perpetual | To be decided | 2+3 | Feb. 11 | AA+ (Icra)(Crisil) |
Credila Financial Services | 10 years | 9.00% | 5.50 | Feb. 7 | AA+ (Crisil) |
($1 = 87.5900 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
MUMBAI, Feb 10 (Reuters) - India's Housing and Urban Development Corp HUDC.NS (HUDCO) has accepted bids worth 29.10 billion rupees ($332.3 million) for bonds maturing in 10 years, three bankers said on Monday.
The company will pay an annual coupon of 7.29% on this issue and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on February 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 10 years | 7.29 | 29.10 | Feb. 10 | AAA (India Ratings, Care) |
Cube Highways Trust | 17 years and 11 months | 7.67 (quarterly) | 8.60 | Feb. 10 | AAA (Crisil) |
Aditya Birla Finance | Perpetual | To be decided | 2+3 | Feb. 11 | AA+ (Icra)(Crisil) |
Credila Financial Services | 10 years | 9.00% | 5.50 | Feb. 7 | AA+ (Crisil) |
($1 = 87.5900 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
Indian state-run firms line up $2 bln bond sales as central bank cuts interest rate
By Dharamraj Dhutia
MUMBAI, Feb 7 (Reuters) - Indian state-run companies are set to borrow nearly $2 billion via the bond market early next week after the central bank cut interest rates for the first time in nearly five years.
Four state-run firms REC RECM.NS, IIFCLIIFCL.UL, HUDCO HUDC.NS and SIDBI are looking to raise a total of up to 170 billion rupees ($1.94 billion) through Monday and Tuesday, according to merchant bankers.
Overall, companies raised around 125 billion rupees via bonds this week, compared with the typical weekly issuance range of 50-100 billion rupees.
The companies did not respond to Reuters emails seeking comments.
Earlier in the day, the Reserve Bank of India cut its key policy rate for the first time in nearly five years and signaled a less restrictive policy approach ahead to provide stimulus to the sluggish economy.
Governor Sanjay Malhotra also said the RBI will continue to monitor liquidity and financial market conditions and proactively take appropriate measures to ensure orderly liquidity conditions.
The central bank has already announced an infusion of close to 2 trillion rupees of durable banking system liquidity since the last month.
Bond yields rose after the policy decision as the central bank did not announce any additional liquidity measures along with the rate cut, which was already priced in.
"Market sentiment is expected to stabilise next week ahead of bidding," said Venkatakrishnan Srinivasan, founder and managing partner at debt advisory firm Rockfort Fincap.
Even as state-run companies generally prefer longer duration debt, of the total fundraising over the next two days, 110 billion rupees are being targeted through shorter duration debt.
"We expect robust demand from key investors such as provident funds, insurance companies, mutual funds, and banks for these issuances," said Suresh Darak, founder of Bondbazaar, an online bond trading platform.
Mutual funds have preferred to remain invested in shorter duration high-rated corporate bonds, as they anticipate more liquidity infusion bodes well for this part of the yield curve.
"The RBI also continues to remain comfortable on the domestic growth outlook. This indicates a shallow rate cut cycle ahead. Hence we continue to prefer short to medium duration products given the favourable risk reward," Anurag Mittal, head of fixed income at UTI Asset Management.
($1 = 87.4400 Indian rupees)
(Reporting by Dharamraj Dhutia;Editing by Saumyadeb Chakrabarty)
(([email protected];))
By Dharamraj Dhutia
MUMBAI, Feb 7 (Reuters) - Indian state-run companies are set to borrow nearly $2 billion via the bond market early next week after the central bank cut interest rates for the first time in nearly five years.
Four state-run firms REC RECM.NS, IIFCLIIFCL.UL, HUDCO HUDC.NS and SIDBI are looking to raise a total of up to 170 billion rupees ($1.94 billion) through Monday and Tuesday, according to merchant bankers.
Overall, companies raised around 125 billion rupees via bonds this week, compared with the typical weekly issuance range of 50-100 billion rupees.
The companies did not respond to Reuters emails seeking comments.
Earlier in the day, the Reserve Bank of India cut its key policy rate for the first time in nearly five years and signaled a less restrictive policy approach ahead to provide stimulus to the sluggish economy.
Governor Sanjay Malhotra also said the RBI will continue to monitor liquidity and financial market conditions and proactively take appropriate measures to ensure orderly liquidity conditions.
The central bank has already announced an infusion of close to 2 trillion rupees of durable banking system liquidity since the last month.
Bond yields rose after the policy decision as the central bank did not announce any additional liquidity measures along with the rate cut, which was already priced in.
"Market sentiment is expected to stabilise next week ahead of bidding," said Venkatakrishnan Srinivasan, founder and managing partner at debt advisory firm Rockfort Fincap.
Even as state-run companies generally prefer longer duration debt, of the total fundraising over the next two days, 110 billion rupees are being targeted through shorter duration debt.
"We expect robust demand from key investors such as provident funds, insurance companies, mutual funds, and banks for these issuances," said Suresh Darak, founder of Bondbazaar, an online bond trading platform.
Mutual funds have preferred to remain invested in shorter duration high-rated corporate bonds, as they anticipate more liquidity infusion bodes well for this part of the yield curve.
"The RBI also continues to remain comfortable on the domestic growth outlook. This indicates a shallow rate cut cycle ahead. Hence we continue to prefer short to medium duration products given the favourable risk reward," Anurag Mittal, head of fixed income at UTI Asset Management.
($1 = 87.4400 Indian rupees)
(Reporting by Dharamraj Dhutia;Editing by Saumyadeb Chakrabarty)
(([email protected];))
India New Issue-HUDCO to issue 10-year bonds, bankers say
MUMBAI, Feb 6 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS plans to raise 30 billion rupees ($342.7 million), including a greenshoe option of 25 billion rupees, by selling bonds maturing in 10 years, three bankers said on Thursday.
The company has invited coupon and commitment bids from bankers and investors on Monday, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Feb. 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 10 years | To be decided | 5+25 | Feb. 10 | AAA (India Ratings, Care) |
IIFCL | 3 years and 1 month | To be decided | 5+15 | Feb. 11 | AAA (Care, India Ratings) |
Capital Infra Trust | 13 years | 7.75 (semi-annual) | 12 | Feb. 6 | AAA (Crisil) Provisional |
Credila Financial Services | 10 years | To be decided | 5+2.40 | Feb. 7 | AA+ (Crisil) |
Bajaj Finance Dec 2027 reissue | 1 year and 10 months | To be decided | 7.50+47.50 | Feb. 7 | AAA (Crisil) |
Tata Projects | 6 years | 8.60 | 5 | Feb. 6 | AA (India Ratings) |
SIDBI | 4 years and 1 month | To be decided | 20+40 | Feb. 10 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 87.5400 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, Feb 6 (Reuters) - India's Housing and Urban Development Corp (HUDCO) HUDC.NS plans to raise 30 billion rupees ($342.7 million), including a greenshoe option of 25 billion rupees, by selling bonds maturing in 10 years, three bankers said on Thursday.
The company has invited coupon and commitment bids from bankers and investors on Monday, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on Feb. 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 10 years | To be decided | 5+25 | Feb. 10 | AAA (India Ratings, Care) |
IIFCL | 3 years and 1 month | To be decided | 5+15 | Feb. 11 | AAA (Care, India Ratings) |
Capital Infra Trust | 13 years | 7.75 (semi-annual) | 12 | Feb. 6 | AAA (Crisil) Provisional |
Credila Financial Services | 10 years | To be decided | 5+2.40 | Feb. 7 | AA+ (Crisil) |
Bajaj Finance Dec 2027 reissue | 1 year and 10 months | To be decided | 7.50+47.50 | Feb. 7 | AAA (Crisil) |
Tata Projects | 6 years | 8.60 | 5 | Feb. 6 | AA (India Ratings) |
SIDBI | 4 years and 1 month | To be decided | 20+40 | Feb. 10 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 87.5400 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
Housing And Urban Development Corporation Signs MoU With Vadhvan Port Project Limited
Jan 22 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
SIGNS MOU WITH VADHVAN PORT PROJECT LIMITED
TO PROVIDE FUNDS UPTO 250 BILLION RUPEES FOR VPPL PROJECTS
Source text: ID:nBSE1k7F2h
Further company coverage: HUDC.NS
(([email protected];;))
Jan 22 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
SIGNS MOU WITH VADHVAN PORT PROJECT LIMITED
TO PROVIDE FUNDS UPTO 250 BILLION RUPEES FOR VPPL PROJECTS
Source text: ID:nBSE1k7F2h
Further company coverage: HUDC.NS
(([email protected];;))
Housing And Urban Development Corp To Consider Borrowing Plan Increase To 550 Bln Rupees For FY24-25
Jan 15 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
TO CONSIDER BORROWING PLAN INCREASE TO 550 BILLION RUPEES FOR FY24-25
Source text: ID:nBSE1KKsXF
Further company coverage: HUDC.NS
(([email protected];;))
Jan 15 (Reuters) - Housing and Urban Development Corporation Ltd HUDC.NS:
TO CONSIDER BORROWING PLAN INCREASE TO 550 BILLION RUPEES FOR FY24-25
Source text: ID:nBSE1KKsXF
Further company coverage: HUDC.NS
(([email protected];;))
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What does Housing & Urban Dev. do?
HUDCO is a prominent public sector enterprise focused on financing housing and infrastructure development in India. It primarily lends to State Governments for social housing and residential real estate projects benefiting individual beneficiaries.
Who are the competitors of Housing & Urban Dev.?
Housing & Urban Dev. major competitors are LIC Housing Finance, PNB Housing Finance, Aptus Value Housing, Sammaan Capital, Aavas Financiers, Home First Finance, Can Fin Homes. Market Cap of Housing & Urban Dev. is ₹46,814 Crs. While the median market cap of its peers are ₹13,710 Crs.
Is Housing & Urban Dev. financially stable compared to its competitors?
Housing & Urban Dev. seems to be less financially stable compared to its competitors. Altman Z score of Housing & Urban Dev. is 0.46 and is ranked 6 out of its 8 competitors.
Does Housing & Urban Dev. pay decent dividends?
The company seems to pay a good stable dividend. Housing & Urban Dev. latest dividend payout ratio is 30.67% and 3yr average dividend payout ratio is 38.4%
How strong is Housing & Urban Dev. balance sheet?
Latest balance sheet of Housing & Urban Dev. is strong. Strength was visible historically as well.
Is the profitablity of Housing & Urban Dev. improving?
Yes, profit is increasing. The profit of Housing & Urban Dev. is ₹2,782 Crs for TTM, ₹2,709 Crs for Mar 2025 and ₹2,117 Crs for Mar 2024.
Is Housing & Urban Dev. stock expensive?
Yes, Housing & Urban Dev. is expensive. Latest PE of Housing & Urban Dev. is 16.83, while 3 year average PE is 11.04. Also latest Price to Book of Housing & Urban Dev. is 2.61 while 3yr average is 1.46.
Has the share price of Housing & Urban Dev. grown faster than its competition?
Housing & Urban Dev. has given better returns compared to its competitors. Housing & Urban Dev. has grown at ~50.81% over the last 4yrs while peers have grown at a median rate of 2.68%
Is the promoter bullish about Housing & Urban Dev.?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Housing & Urban Dev. is 75.0% and last quarter promoter holding is 75.0%.
Are mutual funds buying/selling Housing & Urban Dev.?
The mutual fund holding of Housing & Urban Dev. is increasing. The current mutual fund holding in Housing & Urban Dev. is 2.21% while previous quarter holding is 1.63%.