Loan & Debt6 Aug 2026, 12:17 pm
HDB Financial Services Allots ₹544.5 Cr Secured NCDs
AI Summary
HDB Financial Services Ltd announced the allotment of 54,450 Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The total issue size aggregates to ₹5,44,50,00,000 (₹544.5 Crores). These NCDs have a face value of ₹1,00,000 each and a tenure of 1064 days, with a maturity date of July 5, 2029. The coupon rate offered is 8.2301%. 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.
Key Highlights
- HDB Financial Services allotted ₹544.5 Cr in Secured Redeemable NCDs.
- NCDs carry an 8.2301% coupon rate and mature in July 2029.
- The issuance is on a private placement basis.
- NCDs are secured by a charge on receivables.
- Proposed to be listed on BSE Wholesale Debt Market.
Price Impact
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