HDB Financial Services Allots Rs 3,00 Crore Worth of NCDs via Private Placement
HDB Financial Services Limited announced the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The allotment, finalized during a committee meeting on May 18, 2026, involved the issue of 30,000 NCDs.The total face value allotted to investors amounts to Rs 3,00,00,00,000/-. Each debenture has a face value of Rs 1,00,000/-.
The company stated that the debentures are proposed to be listed on the Wholesale Debt Market Segment of the BSE Limited.
Key Details of NCD Allotment
The NCDs feature a tenure of 1096 Days and were allotted on May 18, 2026. They are scheduled to mature on May 18, 2029.The instrument offers a T-Bill Linked Floating rate with a Quarterly reset, beginning with an Initial Coupon of 7.3517%.
The principal and coupon payments are scheduled across three dates: May 18, 2027, May 18, 2028, and finally on maturity on May 18, 2029. The debentures are redeemable on maturity at Par.
The allotment is secured by a charge created over the company's assets. The company has given a first and exclusive charge by way of hypothecation over present and future receivables of the Issuer. This charge mandates maintaining a minimum asset cover equivalent to one time of the principal outstanding and interest accrued but not paid throughout the debenture tenure.
The following table summarizes the material details of the NCD allotment:
| Parameter | Detail |
|---|---|
| Size of the Issue | 30,000 NCDs of face value of Rs 1,00,000/- each |
| Aggregate Value | Rs 3,00,00,00,000/- |
| ISIN | INE756I07FO9 |
| Listing Proposed On | Wholesale Debt Market Segment of BSE Limited |
| Tenure | 1096 Days |
| Allotment Date | May 18, 2026 |
| Maturity Date | May 18, 2029 |
| Coupon Type | T-Bill Linked Floating rate with Quarterly reset |
| Initial Coupon | 7.3517% |
| Security/Charge | First and exclusive charge by way of hypothecation over present and future receivables |
| Redemption Terms | Redeemable on maturity at Par |
HDBFS Stock Price Movement
As of 1:56 PM, shares of HDB Financial Services Limited are shedding 0.20% in live trading, currently at ₹673.60. The stock maintains significant activity, with a robust volume of 312,604 shares transacting throughout the day.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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