HDB Financial Services Limited has allotted 31,000 Secured Redeemable Non-Convertible Debentures (NCDs) through a private placement, raising ₹310 crore.
The allotment was approved by the company's Debenture Allotment Committee on 17 July 2026, with the debentures proposed to be listed on the Wholesale Debt Market Segment of BSE Limited.
The issue comprises 31,000 NCDs with a face value of ₹1 lakh each, aggregating to ₹310 crore. The debentures carry the ISIN INE756I07FT8.
The instrument has a tenure of 1,813 days, with the maturity date fixed at 4 July 2031. The debentures will be redeemed at par upon maturity.
The NCDs offer a coupon rate of 7.8324%, with coupon and principal payments scheduled on 4 July 2027, 2028, 2029, 2030 and the final payment on 4 July 2031.
The issue is secured through a first and exclusive charge by way of hypothecation over the company's present and future receivables. HDB Financial Services will maintain a minimum one-time asset cover against the outstanding principal and accrued interest throughout the tenure of the debentures.
HDB Financial Services Limited is a non-banking financial company (NBFC) that offers a wide range of retail and commercial lending solutions.
Its portfolio includes enterprise lending, asset finance, consumer loans and business loans, along with business process outsourcing services, serving customers across India.
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As of 17 July 2026, at 2:35 PM, HDB Financial Services Ltd share price was trading at ₹734.45 per share, reflecting a decline of 2.37% from the previous trading session.
The latest private placement strengthens HDB Financial Services' borrowing programme through a ₹310 crore secured NCD issuance with a maturity extending to July 2031, supporting its long-term funding requirements through the domestic debt market.
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Published on: Jul 17, 2026, 3:07 PM IST
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