HDB Financial Services Limited (HDBFS) — Corporate Action

📢 Key Event
Allotment of 50,500 private placement NCDs totaling Rs 505 crore

🔄 What Changed
Rs 505 crore raised via NCD issuance; 50,500 NCDs allotted

🔮 What's Next
NCDs proposed for listing on BSE Wholesale Debt Market Segment

💡 Investor Takeaway
Investors receive secured debt instruments with 8-9% yields and collateral-backed repayment schedule

HDB Financial Services announced the allotment of 50,500 secured redeemable non-convertible debentures (NCDs) on a private placement basis, with 30,000 NCDs of Rs 1 lakh each aggregating to Rs 300 crore and 20,500 NCDs aggregating to Rs 205 crore, all proposed for listing on the BSE Wholesale Debt Market Segment, featuring 10-11 year tenors, coupon rates of 8.2845% and 7.7545% with XIRR of 8.2787% and 8.2300%, payment schedules spanning 2027-2031, and a first exclusive charge over receivables as security.

📄 View Original Announcement (PDF)

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