Fixed Alpha
AAA

What do these ratings mean?

Credit ratings assigned by SEBI-registered agencies such as CRISIL, ICRA and CARE.

Sovereign BondsSOVEREIGN
These securities are the safest investments, backed by governments with a strong ability to meet financial obligations.
Highest SafetyAAA
Securities with this rating are considered to have the highest degree of safety regarding timely servicing of financial obligations. Such securities carry lowest credit risk.
High SafetyAA+AAAA-
Securities with this rating are considered to have high degree of safety regarding timely servicing of financial obligations. Such securities carry very low credit risk.
Adequate SafetyA+AA-
Securities with this rating are considered to have adequate degree of safety regarding timely servicing of financial obligations. Such securities carry low credit risk.
Moderate SafetyBBB+BBBBBB-
Securities with this rating are considered to have moderate degree of safety regarding timely servicing of financial obligations. Such securities carry moderate credit risk.
Moderate RiskBB+BBBB-
Securities with this rating are considered to have moderate risk of default regarding timely servicing of financial obligations.
Moderate High RiskB+BB-
Securities with this rating are considered to have high risk of default regarding timely servicing of financial obligations.
Very High RiskCCC+CCCCCC-CC+CCCC-C+CC-
Securities with this rating are considered to have very high risk of default regarding timely servicing of financial obligations.
DefaultD
Securities with this rating are in default or are expected to be in default soon.

Housing and Urban Development Corporation Limited

INE031A07AG1· Listed on BSE

5.80%

Yield

Tenure

2Y 6M 9D

Maturity Date

24 Mar 2029

Coupon Frequency

Annual

Face Value

₹1,000

Nature

Secured

Coupon Rate

8.98%

About the Issuer

Housing and Urban Development Corporation Limited (HUDCO), incorporated in 1970, is a Government of India (GoI) enterprise engaged in providing long-term finance for social housing and urban infrastructure projects across the country. The company was conferred Navratna status in April 2024 and, following its transition from a Housing Finance Company (HFC) to a Non-Banking Financial Company–Infrastructure Finance Company (NBFC-IFC) in August 2024, has expanded its financing scope to a wider range of infrastructure sectors. The Government of India, which held a 75% stake in HUDCO as of December 31, 2024, is the company's majority promoter and continues to provide strong strategic and operational support. As the central nodal agency for key government initiatives such as Housing for All and an implementation partner for schemes including PMAY, AMRUT, and Jal Jeevan Mission, HUDCO benefits from its strategic importance to the GoI, board-level representation, access to low-cost funding, and strong business visibility.

Rating Rationale

Coupon ladder

Payment schedule of interest and principal

Dec '15Coupon

₹90

Dec '16Coupon

₹90

Dec '17Coupon

₹90

Dec '18Coupon

₹90

Dec '19Coupon

₹90

Dec '20Coupon

₹90

Dec '21Coupon

₹90

Dec '22Coupon

₹90

Dec '23Coupon

₹90

Dec '24Coupon

₹90

Dec '25Coupon

₹90

Dec '26Coupon

₹90

Dec '27Coupon

₹90

Dec '28Coupon

₹90

Mar '29Coupon + Principal

₹1,028

Bond Trading History

Trading history isn’t available for this instrument yet.

Data as of 16-Sep-2026

How to invest in this bond

Housing and Urban Development Corporation Limited

Login to your existing Equity broker (Eg. Zerodha, ICICI Direct) and purchase bonds from BSE/NSE just like equity using the following steps:

  1. Search for this specific bond. Copy its ISIN and enter in the Search bar of your broker app.INE031A07AG1If that does not work, try its BSE scrip code:BSE961863
  2. Enter the quantity required.
  3. Enter following Price:₹1,143.56This is the Price at which you will earn Fixed Returns (Yield) of 5.80% if you hold the bond till maturity. If you enter a different price, then your returns will differ.
  4. Fund your wallet and place the order.
  5. Once the transaction is successful, bonds will get credited to your demat account next day (T+1) like equities.
  6. Interest and Principal will get directly deposited to your bank account linked with your Demat.