HDB Financial Services allots ₹3,250 Cr Secured Redeemable NCDs

HDB Financial Services' Debenture Allotment Committee has approved the allotment of 32,500 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size is ₹3,250 crore, with each NCD having a face value of ₹1,00,000. These NCDs, bearing ISIN INE756I07FN1, offer a coupon rate of 7.58% (XIRR 7.5807%) and have a tenure of 762 days, maturing on May 29, 2028. They are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited and are secured by a first and exclusive charge over the company's present and future receivables, maintaining a minimum 1x asset cover.