Loan & Debt18 May 2026, 01:13 pm
HDB Financial Services Allots ₹300 Cr NCDs
AI Summary
HDB Financial Services Ltd has allotted 30,000 secured redeemable non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹300 crore, on a private placement basis. The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The tenure is 1096 days, with a maturity date of May 18, 2029, and a T-Bill linked floating interest rate with quarterly reset and an initial coupon of 7.3517%.
Key Highlights
- HDB Financial Services allotted 30,000 NCDs aggregating to ₹300 Cr.
- NCDs have a face value of ₹1,00,000 each and are secured and redeemable.
- The NCDs are proposed to be listed on BSE Limited.
- Tenure of the instrument is 1096 days, maturing on May 18, 2029.
- Coupon rate is T-Bill linked floating rate with quarterly reset; initial coupon 7.3517%.
Price Impact
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