HDB Financial Services Limited has informed the Exchange regarding allotment of 30000 securities pursuant to Convertible Securities at its meeting held on April 22, 2026
HDBFS · price
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HDB Financial Services has allotted 30,000 Secured Redeemable NCDs of face value Rs. 1 lakh each, raising Rs. 3,000 crore. The debentures carry an interest rate of 7.7545% (XIRR 7.7470%) with tenure of 1,108 days maturing on May 4, 2029. Interest and principal payments are scheduled annually from April 2027 to maturity. The NCDs are secured by first and exclusive charge over present and future receivables with a minimum 1x asset cover. These debentures will be listed on the Wholesale Debt Market segment of BSE Limited.
This is a debt fundraising exercise through wholesale NCDs, providing working capital and business growth funding. The 7.75% yield indicates relatively normal borrowing costs for a financial services company, with no immediate dilution impact on equity shareholders.