HDB Financial Services Allots ₹310 Cr Secured NCDs

HDB Financial Services Ltd announced the allotment of 31,000 Secured Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹3,10,00,00,000 (₹310 Crores). The allotment was made on a private placement basis. These NCDs have a tenure of 1813 days, with a coupon rate of 7.8324%. The maturity date is July 04, 2031. 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.