HDB Financial Services allots ₹300 Cr Secured Redeemable NCDs
HDB Financial Services Ltd's Debenture Allotment Committee has allotted 30,000 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size amounts to ₹3,00,00,00,000 (₹300 crore), with each NCD having a face value of ₹1,00,000. These NCDs, allotted on April 22, 2026, have a tenure of 1108 days, maturing on May 04, 2029, and offer a coupon/interest rate of 7.7545% (XIRR 7.7470%). The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. They are secured by a first and exclusive charge via hypothecation over present and future receivables of the Issuer, maintaining a minimum asset cover of one time the principal outstanding and accrued interest.
Key Highlights
- HDB Financial Services allotted ₹300 crore in NCDs via private placement.
- The NCDs carry a coupon rate of 7.7545% and mature on May 04, 2029.
- They are secured by hypothecation over receivables with a 1x asset cover.
- The debentures are proposed to be listed on BSE's Wholesale Debt Market.
Price Impact
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