HDB Financial Services Limited has informed the Exchange regarding allotment of 17500 securities pursuant to Non Convertible Securities at its meeting held on March 12, 2026
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HDB Financial Services has allotted 17,500 secured NCDs of face value Rs. 1,00,000 each, raising a total of Rs. 175 crore through private placement. The debentures carry a coupon rate of 7.60% (XIRR 7.5968%) payable annually, with a tenure of 1,818 days maturing on March 4, 2031. 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. The Debenture Allotment Committee approved the issuance at its meeting held on March 12, 2026.
The Rs. 175 crore raise strengthens HDB Financial's funding base at a competitive 7.60% rate, suggesting healthy investor demand. For equity shareholders, this is a routine debt-raising exercise with no dilution, and the secured nature of the NCDs signals prudent liability management.