HDB Financial Services Allots Rs 400 Crore in Secured NCDs via Private Placement
HDB Financial Services Limited has announced the allotment of a tranche of Secured Redeemable NonConvertible Debentures (NCDs) through a private placement. The debenture allotment, finalized on July 23, 2026, includes 40,000 NCDs, aggregating to Rs 4,00,00,00,000/- with a face value of Rs 1,00,000/- per debenture.The issuance carries the full intention to list the instruments in the future. The company has secured these bonds by creating a specific charge over its assets.
Details regarding the allotment and the structure of the NCDs are provided below:
| Feature | Details |
|---|---|
| Total Issue Size | 40,000 NCDs aggregating to Rs 4,00,00,00,000/- |
| Listing Status | Proposed for listing on the Wholesale Debt Market Segment of BSE Limited |
| Tenure | 1078 Days |
| Issue Date | July 23, 2026 |
| Maturity Date | July 5, 2029 |
| Coupon Rate | 8.2301% |
| Redemption Terms | Redeemable on maturity at Par |
Security and Payment Schedule
The NCDs are backed by a specific security structure. A first and exclusive charge has been created through hypothecation over the company’s present and future receivables. This charge is maintained throughout the tenure of the NCDs, requiring a minimum asset cover equivalent to one time of the principal outstanding and interest accrued but not paid.The payment schedule for both coupon payments and principal repayment has been fixed. Coupon payments are due on July 05, 2027 and July 05, 2028, with the final principal repayment scheduled on maturity, July 05, 2029.
HDBFS Stock Price Movement
As of 12:50 PM, HDB Financial Services Limited sheds 1.73% in live trading, currently priced at ₹695.00 after dropping ₹12.20 per share during market hours. The stock has been highly volatile intraday, with the equity hovering near its daily low while recording a volume of 147,762 shares.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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