HDB Financial Services Allots Rs 30 Crore in Secured NonConvertible Debentures via Private Placement
HDB Financial Services Ltd has completed the allotment of 30,00,00,000/- worth of Secured Redeemable NonConvertible Debentures (NCDs) through a private placement process. The company's Debenture Allotment Committee made the decision on July 9, 2026.The NCDs were allotted across two tranches: one representing a fresh issuance and another involving a re-issuance, all structured for listing in the Wholesale Debt Market Segment of BSE Limited.
| Feature | Fresh Issuance | Re-Issuance |
|---|---|---|
| NCD Size | 10,000 NCDs | 20,000 NCDs |
| Total Aggregation | Rs 100,00,00,000/- | Rs 200,00,00,000/- |
| ISIN | INE756I07FS0 | INE756I07FJ9 |
| Tenure | 3648 Days | 757 Days |
| Allotment Date | Thursday, July 09, 2026 | Thursday, July 09, 2026 |
| Maturity Date | July 04, 2036 | August 04, 2028 |
| Coupon Rate | 7.7861% | 7.3274% |
The allotment of the NCDs carries a security structure requiring a first and exclusive charge by way of hypothecation over the present and future receivables of the Issuer. This security is mandated to 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.
Details pertaining to the coupon and principal payment schedule are as follows:
| Tranche | Coupon Payment Schedule | Principal Redemption |
|---|---|---|
| Fresh Issuance | Payments due on July 09, 2027, July 09, 2028, July 09, 2029, and subsequent years up to July 09, 2035. | Redeemable on maturity at Par on July 04, 2036. |
| Re-Issuance | Payments due on August 04, 2026, and August 04, 2027. | Redeemable on maturity at Par on August 04, 2028. |
The tranches were allotted with the following details:
- Fresh Issuance: The NCDs are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited and carry an ISIN of INE756I07FS0.
- Re-Issuance: These debentures are also slated for listing on the Wholesale Debt Market Segment of BSE Limited, bearing ISIN INE756I07FJ9.
The instrument carries no special rights or privileges attached, and neither tranches is affected by any noted delay in payment of interest or principal amount. All NCDs are redeemable on maturity at Par.
HDBFS Stock Price Movement
As of 1:27 PM, shares of HDB Financial Services Limited are rallying to ₹734.4 after climbing 1.03% during the live trading session. The stock maintains a tight intraday range, having traded between a low of ₹721.05 and a high of ₹737.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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