HDB Financial allots Rs 400 crore NCDs at 8.23 percent coupon

HDBFS · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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-2.0%1-day move

₹705.05

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₹695.00

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AI summary

HDB Financial Services allotted 40,000 secured NCDs of face value Rs 1 lakh each, totaling Rs 400 crore, on a private placement basis. Coupon is 8.2301 percent with a tenure of 1,078 days, maturing on July 5, 2029. The NCDs are secured by a first and exclusive charge on receivables with a 1 times asset cover. The debentures will be listed on the BSE wholesale debt market segment.

Likely market impact

Adds Rs 400 crore to borrowings at 8.23 percent cost. Routine debt raise for an NBFC to support lending growth.