HDB Financial Services Allots ₹400 Cr Secured NCDs

HDB Financial Services Ltd announced the allotment of 40,000 Secured Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹4,00,00,00,000 (₹400 Crores). The allotment was made on a private placement basis on July 23, 2026. These NCDs have a tenure of 1078 days and a coupon rate of 8.2301%. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The maturity date is July 5, 2029. The issuance is secured by a first and exclusive charge over the company's present and future receivables.