GIC Housing Finance Issues ₹200 Cr NCDs on Private Placement

GIC Housing Finance Ltd announced the issuance of Secured, Listed, Rated, Redeemable, Taxable, Non-Convertible Debentures (NCDs) 2026-27 Series 12 Tranche 2 on a private placement basis. The total issue size is Rs. 200 Crores, including a Green Shoe Option of up to Rs 100 Crores. The NCDs have a tenure of 1178 days, with an allotment date of September 28, 2026, and maturity on December 19, 2029. The coupon rate is 8.15% per annum, with interest payments scheduled annually and principal repayment at maturity. The debentures will be secured by a first-ranking charge on hypothecated assets. In case of default, an additional interest of 2% per annum will be payable.