Loan & Debt8 Jun 2026, 01:29 pm
HDB Financial Services Allots ₹5050 Cr NCDs
AI Summary
HDB Financial Services Ltd has announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) worth ₹5,050 crore on a private placement basis. The Debenture Allotment Committee approved the issuance of 50,500 NCDs with face values of ₹1,00,000 each. These NCDs have tenures of 1822 days and 1061 days, with coupon rates of 8.2845% and 7.7545% respectively. The debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The issuance aims to raise capital for the company's operations and growth.
Key Highlights
- HDB Financial Services allotted NCDs worth ₹5,050 crore.
- NCDs issued on private placement basis with varying tenures.
- Coupon rates range from 7.7545% to 8.2845%.
- Debentures will be listed on BSE Wholesale Debt Market.
- Funds raised to support company's financial needs.
Price Impact
More from HDBFS