HDB Financial Services Completes Allotment of Secured Redeemable NCDs Worth Rs 15,50,00,00,000 in Private Placement
HDB Financial Services Limited has completed the allotment of Secured Redeemable NonConvertible Debentures (NCDs) on a private placement basis. The company allotted a total of 1,55,000 NCDs, aggregating to Rs 15,50,00,00,000/-.The debenture allotment details cover both re-issuance and fresh issuance tranches, with all instruments proposed for listing on the Wholesale Debt Market Segment of BSE Limited.
Details regarding the size and value of the allotments are as follows:
| Particulars | Re-Issuance NCDs | Fresh Issuance NCDs |
|---|---|---|
| Size of the issue | 30,000 NCDs @ Rs 1,00,000/- each (Totaling Rs 3,00,00,00,000/-) | 1,00,000 NCDs @ Rs 1,00,000/- each (Totaling Rs 10,00,00,00,000/-) |
The allotment details encompass various terms including tenure and interest rates across the different tranches. The table below summarizes key financial and timing parameters for these NCDs.
| Feature | Re-Issuance | Fresh Issuance |
|---|---|---|
| Coupon / Interest Offered | 7.1800% | 8.2301% |
| Tenure of the Instrument | 834 Days | 1,120 Days |
| Date of Allotment | June 11, 2026 | June 11, 2026 |
| Date of Maturity | September 22, 2028 | July 5, 2029 |
| Schedule of Payment | Interest due: September 22, 2026, and September 22, 2027. Principal on Redemption: September 22, 2028. | Interest due: July 05, 2026, and July 05, 2027. Principal on Maturity: July 05, 2029. |
| Security/Charge Created | First exclusive charge by way of hypothecation over present and future receivables with a minimum asset cover of one time the principal outstanding and interest accrued but not paid. | First exclusive charge by way of hypothecation over present and future receivables with a minimum asset cover of one time the principal outstanding and interest accrued but not paid. |
The NCDs are all redeemable on maturity at Par, and neither tranche is subject to any special rights or restrictions. The company also affirmed that no delay in payment of interest or principal for more than three months has occurred regarding these instruments.
HDBFS Stock Price Movement
Shares of HDB Financial Services Limited are edging higher to ₹623 as of 1:43 PM today, achieving a gain of 0.47% in live trading. The stock trades on a volume of 309,179 shares, maintaining solid buying interest during the market session.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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