HDB Financial Services Allots Secured NCDs Worth Rs 505 Crores in Private Placement
HDB Financial Services Limited has successfully allotted a total of 50,500 Secured Redeemable NonConvertible Debentures (NCDs) amounting to Rs 5,05,00,00,000/- through a private placement. The allotment was completed on June 08, 2026.The debenture issuance included two separate tranches, each with specific terms regarding tenure, coupon rate, and maturity date.
The company allotted 30,000 NCDs aggregating to Rs 300,00,00,000/- and an additional 20,500 NCDs worth Rs 205,00,00,000/-. Both sets of debentures are planned for listing on the Wholesale Debt Market Segment of BSE Limited.
Key details pertaining to the two tranches are summarized below:
| Particulars | Batch 1 (30,000 NCDs) | Batch 2 (20,500 NCDs) |
|---|---|---|
| Tenure of Instrument | 1822 Days | 1061 Days |
| Date of Allotment | June 08, 2026 | June 08, 2026 |
| Date of Maturity | June 04, 2031 | May 04, 2029 |
| Coupon / Interest Offered | 8.2845% (XIRR 8.2787%) | 7.7545% (XIRR 8.2300%) |
The NCDs are secured by a charge created over the present and future receivables of HDB Financial Services Limited. The security mandates that the minimum asset cover must be maintained at one time of the principal outstanding and interest accrued but not paid throughout the tenure of the NCDs.
The coupon and payment schedule varies for each batch:
| Batch | Interest Schedule | Redemption Details |
|---|---|---|
| Batch 1 | Coupon payments are scheduled for June 08, 2027, June 08, 2028, June 08, 2029, and June 08, 2030. Principal repayment is due on June 08, 2031. | Redeemable on maturity at Par. |
| Batch 2 | Coupon payments are scheduled for April 22, 2027, April 22, 2028, and April 22, 2029. Principal repayment is due on May 04, 2029. | Redeemable on maturity at Par. |
Both tranches carry no special rights or privileges attached to the instrument, nor do they contain any provisions regarding delays in interest or principal payment for a period of more than three months from the due date.
HDBFS Stock Price Movement
As of 1:35 PM, shares of HDB Financial Services Limited are slipping by 2.17% in live trading, currently hovering around ₹628 as the market continues to move. The stock has seen a traded volume of 150,157 shares so far today.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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