HDB Financial Services Allots Rs 300 Crore Worth of NCDs via Private Placement
HDB Financial Services Limited has completed the allotment of Secured Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. The debentures were allotted following a meeting of the Company’s Debenture Allotment Committee held on April 22, 2026.The company allotted a total of 30,000 NCDs, each with a face value of Rs. 1,00,000/-. This transaction aggregates to a total raise of Rs. 3,00,00,00,000/-.
The NCDs, bearing the ISIN INE756I07FM3, are slated for listing on the Wholesale Debt Market Segment of BSE Limited. The tenure of the debenture instrument is 1108 days, with the final maturity date set for May 04, 2029.
A key feature of the offering is the coupon/interest rate, which is set at 7.7545% (XIRR 7.7470%). The debentures are also secured by a first and exclusive charge created by way of hypothecation over the present and future receivables of the Issuer. This charge maintains a minimum asset cover equivalent to one time of the principal outstanding and accrued interest but not paid, throughout the tenure of the NCDs.
The scheduled payment of interest and principal installments are as follows:
| Event | Date |
|---|---|
| Allotment Date | Wednesday, April 22, 2026 |
| Interest/Coupon Payment | April 22, 2027 |
| Interest/Coupon Payment | April 22, 2028 |
| Interest/Coupon Payment | April 22, 2029 |
| Maturity/Principal Repayment | May 04, 2029 |
The debentures are structured to be redeemable on maturity at Par. The Company confirmed that there are no special rights, interests, or privileges attached to the instrument and that the allotment does not involve any restrictions regarding the payment of interest or principal.
HDBFS Stock Price Movement
As of 1:35 PM, shares of HDB Financial Services Limited are shedding 1.45% in live trading, currently hovering at ₹674.35. The stock has traded over 262,653 shares today, putting pressure on the equity as it moves away from its daily high of ₹686.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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