GIC Housing Finance Launches NCD Series 12 Tranche 1

GIC Housing Finance Ltd has announced the launch of its NCD Series 12 Tranche 1, a private placement issue of Secured, Listed, Rated, Redeemable, Taxable, Non-Convertible Debentures. The issue size is ₹200 Crores, with an option for a green shoe of NIL. The debentures will have a tenure of 548 days, with an allotment date of July 29, 2026, and maturity on January 28, 2028. The annual interest rate is 8.15%, with coupon payments scheduled semi-annually and principal repayment at maturity. The debentures are secured by a first-ranking charge on the company's hypothecated assets.