HDB Financial Services Limited has informed the Exchange regarding allotment of 81000 securities pursuant to Non Convertible Securities at its meeting held on February 23, 2026
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HDB Financial Services has allotted 81,000 secured, redeemable non-convertible debentures (NCDs) on a private placement basis on February 23, 2026. Each NCD has a face value of Rs. 1,00,000, taking the total issue size to about Rs. 862 crore. The NCDs carry a coupon of 7.5519% (XIRR 7.50%), have a tenure of 1,136 days (around 3.1 years), and will mature on April 4, 2029. Interest will be paid annually, and the principal will be redeemed at par on maturity. The NCDs are proposed to be listed on the Wholesale Debt Market segment of BSE, and are secured by a first and exclusive charge on the company's receivables with a minimum 1x asset cover.
This is a routine debt-raising exercise by HDB Financial Services to fund its lending operations. It does not dilute equity shareholders and the 7.55% coupon reflects current market rates for a strong NBFC. Equity impact is neutral; bond investors gain a new listed NCD option on BSE.