Loan & Debt9 Jul 2026, 01:08 pm
HDB Financial Services Allots ₹300 Cr NCDs on Private Placement
AI Summary
HDB Financial Services Ltd announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The Debenture Allotment Committee approved the issuance of 30,000 NCDs, aggregating to ₹300 crore. This issuance comprises two tranches: a fresh issuance of 10,000 NCDs totaling ₹100 crore and a re-issuance of 20,000 NCDs totaling ₹200 crore. The NCDs carry tenures of 3648 days and 757 days, with coupon rates of 7.7861% and 7.3274% respectively. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The issuance is secured by a first and exclusive charge over the company's present and future receivables.
Key Highlights
- HDB Financial Services allotted ₹300 crore in Secured Redeemable NCDs.
- The allotment was made on a private placement basis.
- NCDs have tenures of 3648 days and 757 days with varying interest rates.
- The debentures are intended for listing on BSE's Wholesale Debt Market.
- The issuance is secured by a charge on present and future receivables.
Price Impact
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