HDB Financial Services Allots Rs 10,00,00,00,000 in Secured NonConvertible Debentures (NCDs)
HDB Financial Services Ltd has successfully allotted 1,00,000 Secured Redeemable NonConvertible Debentures (NCDs) on a private placement basis. The total aggregate value of the NCDs allotted is Rs 10,00,00,00,000/- each with a face value of Rs 1,00,000/- per debenture, as confirmed on July 2, 2026.The company has proposed to list these debentures on the Wholesale Debt Market Segment of BSE Limited. The NCDs have a tenure of 1068 days and are set to mature on June 4, 2029.
A key feature of this issuance is the coupon rate offered at 7.8998%. The redemption process stipulates that the debentures will be repaid at Par upon maturity.
The allotment includes specific security requirements, with a first and exclusive charge created by way of hypothecation over present and future receivables of the Issuer. This charge must maintain a minimum asset cover equivalent to one time of the principal outstanding and interest accrued but not paid throughout the tenure of the NCDs.
Financial and structural details of the debenture issuance are summarized in the table below:
| Detail | Specification |
|---|---|
| Total Issue Size | 1,00,000 NCDs aggregating to Rs 10,00,00,00,000/- |
| Coupon Rate | 7.8998% |
| Date of Allotment | July 2, 2026 |
| Maturity Date | June 4, 2029 |
| Redemption Status | Redeemable at Par on maturity |
| Security/Charge | First and exclusive charge over present and future receivables of the Issuer with a minimum asset cover of 1 time |
The payment schedule for both coupon/interest and principal repayment is set for June 4, 2027, June 4, 2028, and finally on maturity on June 4, 2029.
HDBFS Stock Price Movement
As of 1:35 PM, shares of HDB Financial Services Limited are shedding value in live trading, sliding down 1.37% to reach ₹742.10. Traded volume stands at 156,771 as the equity trades within its intraday range.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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