HDB Financial Services Allots ₹20,181 Cr NCDs

HDB Financial Services Ltd announced the allotment of 20,000 Secured Redeemable Non-Convertible Debentures (NCDs) with a face value of Rs. 10,00,000 each, aggregating to Rs. 20,18,17,01,644. The allotment was made on a private placement basis through the Debenture Allotment Committee. These NCDs carry a coupon rate of 8.0500% (XIRR 7.9599%) and have a tenure of 1064 days, maturing on August 08, 2029. The NCDs are secured by a first and exclusive charge over the company's present and future receivables. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.