Announced Thu, 9 Jul · 13:07 IST
HDB Financial Services allots 30000 NCDs worth 300 crores on private placement
Fund Raising View source PDF
HDBFS · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+3.9%1-day move
₹724.95
prior close
₹735.10
base price
In-mkt
timing
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-0.1+0.0+0.1—+3.9+4.4+2.7+4.1+3.2+0.4————
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AI summary
HDB Financial Services has allotted 30000 secured redeemable NCDs of face value Rs 1 lakh each, totalling Rs 300 crores, on a private placement basis. The issuance has two tranches: a fresh issue of 10000 NCDs at 7.79 percent coupon maturing in 2036, and a reissue of 20000 NCDs at 7.33 percent coupon maturing in 2028. The NCDs are proposed to be listed on BSE wholesale debt market segment and are secured by hypothecation over company receivables with one times asset cover.
Likely market impact
Company raises 300 crores through debt at competitive rates, indicating strong lender confidence. No equity dilution; supports loan book growth.