Stock market today: Public sector undertaking (PSU) HUDCO’s board on Tuesday, May 6, approved raising ₹2,190 crore via non-convertible debentures (NCDs), according to an exchange filing shared by the company.

As part of its fundraising plan, HUDCO’s Bond Allotment Committee allowed raising funds via unsecured, taxable, redeemable, non-convertible, non-cumulative NCDs of face value of ₹1,00,000 each (Series-B 2025), aggregating up to ₹2,190 crore on a private placement basis. 

The NCD issue includes a base size of ₹500 crore and a green shoe option of ₹1,680 crore. The bonds carry a coupon rate of 6.90% and are redeemable at par at the end of the fifth year, with interest payment on a yearly basis.