HDB Financial Services Raises ₹250 Crore Through Secured NCDs

HDB Financial Services, a non-banking financial company (NBFC), has successfully raised ₹250 crore through the issuance of secured redeemable non-convertible debentures (NCDs). This move reflects the company’s strategy to diversify funding sources and optimise its capital structure.

Key Details of the Debenture Issue

The issue comprises 25,000 NCDs of ₹1,00,000 each, aggregating to ₹250 crore. The tenure of these debentures is 1,806 days, or approximately 4.95 years, with an annual interest rate of 7.33%. The NCDs have been listed on the Wholesale Debt Market segment of BSE Limited under ISIN INE756I07FK7.

The allotment date was October 24, 2025, and the maturity date is scheduled for October 04, 2030.

Interest Payment Schedule

Interest on these debentures will be paid annually on October 23 for the years 2026, 2027, 2028, and 2029. The final payment of interest and principal will be made on the maturity date, October 04, 2030.

Security and Asset Cover

To secure these debentures, HDB Financial Services has created a first and exclusive charge by way of hypothecation over its present and future receivables. The company is required to maintain a minimum asset cover of 1.0 times the principal outstanding and accrued interest throughout the tenure of the NCDs.

Read More: HDB Financial Services Dividend Record Date on Oct 24.

Conclusion

HDB Financial Services’ ₹250 crore NCD issuance strengthens its capital structure and provides long-term funding stability. With secured backing and a clear repayment schedule, the company aims to maintain robust compliance and investor confidence.

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