GIC Housing Finance Issues ₹150 Crore NCDs Series 11
GIC Housing Finance is issuing ₹150 Crore worth of Non-Convertible Debentures (NCDs) Series 11. The NCDs have a tenure of 470 days and offer a 7.59% annual interest rate. The issue is scheduled to open and close on February 24, 2026, with allotment on February 25, 2026, and maturity on June 10, 2027.
The debt issuance will impact the company's capital structure and leverage, affecting its financial health and ability to fund operations and growth. The amount raised is significant for the company's business.
The announcement is a routine debt issuance for business operations and does not contain any significant positive or negative financial performance indicators or strategic shifts.
GIC Housing Finance Limited has announced the issuance of Secured, Listed, Rated, Redeemable, Taxable, Non-Convertible Debentures (NCDs) 2025-26 Series 11 on a private placement basis. The total issue size is ₹150 Crores, with a face value of ₹1,00,000 per debenture. The tenure of these NCDs is 470 days, with a coupon rate of 7.59% per annum.
The allotment date is February 25, 2026, and the maturity date is June 10, 2027. The first coupon payment is scheduled for June 10, 2026, with the final coupon payment and principal redemption on June 10, 2027. The NCDs are proposed to be listed on the debt market segment of BSE Limited.
The proceeds from this issue will be utilized to disburse funds for housing finance requirements, repayment/refinancing of existing debt liabilities, and for the normal course of business. The issue has received credit ratings of "CRISIL AA+/Stable" and "ICRA AA+/Stable" from CRISIL Ratings Limited and ICRA Limited, respectively.
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GIC Housing Finance Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by GIC Housing Finance Limited. Read the original for the full detail.