Announced Thu, 23 Jul · 12:44 IST
HDB Financial Services allots Rs 400 crore NCDs at 8.23% via 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
-2.0%1-day move
₹705.05
prior close
₹695.00
base price
In-mkt
timing
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+0.0+0.0+0.0+0.1-2.0-2.7————————
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AI summary
HDB Financial Services allotted 40,000 secured NCDs of face value Rs 1 lakh each, raising Rs 400 crore on private placement basis. Coupon is 8.2301 percent per annum with 1078 day tenure, maturing July 5, 2029. Debentures are secured by first charge on receivables and proposed to be listed on BSE wholesale debt segment.
Likely market impact
Raises Rs 400 crore through debt at competitive rate. No equity dilution for shareholders. Positive for funding growth.