HDB Financial Services Limited has informed the Exchange regarding allotment of 32500 securities pursuant to Non Convertible Securities at its meeting held on April 28, 2026
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HDB Financial Services Limited has allotted 32,500 Secured Redeemable Non-Convertible Debentures (NCDs) worth Rs. 325 crore (Rs. 3,25,00,00,000) at a face value of Rs. 1,00,000 each. The debentures carry a coupon rate of 7.58% (XIRR 7.58%) and have a tenure of 762 days, maturing on May 29, 2028. The NCDs will be listed on the Wholesale Debt Market Segment of BSE Limited. The company has created a first and exclusive charge by way of hypothecation over present and future receivables with a minimum asset cover of 1x the principal outstanding. Coupon and principal payments are scheduled annually on May 28, 2026, May 28, 2027, and maturity on May 29, 2028.
This is a routine debt raising exercise through private placement at a market-linked coupon rate of 7.58%. It provides the company with fresh capital for lending operations while offering debenture holders a secured investment with quarterly interest payments. No immediate impact on equity shareholders, though successful debt raising indicates healthy financial position.