HDB Financial Services Limited has successfully completed a significant debt fundraising exercise through the allotment of secured redeemable non-convertible debentures worth ₹3,000 crore. The company's Debenture Allotment Committee approved the allotment during its meeting held on April 22, 2026, marking a substantial capital raising initiative for the financial services company.

Debenture Issue Details

The allotment comprises 30,000 NCDs with each debenture carrying a face value of ₹1,00,000, collectively aggregating to ₹3,00,00,00,000. The debentures have been issued on a private placement basis and are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited under ISIN INE756107FM3.

Interest and Payment Structure

The NCDs offer an attractive coupon rate of 7.7545% with an XIRR of 7.7470%. The company has structured a systematic payment schedule for both interest and principal repayment. Interest payments are scheduled for April 22, 2027, April 22, 2028, and April 22, 2029, with the final maturity payment due on May 04, 2029.

Security and Asset Coverage

The debentures are secured by a first and exclusive charge by way of hypothecation over the company's present and future receivables. HDB Financial Services has committed to maintaining a minimum asset cover of 1 time the principal outstanding and interest accrued but not paid throughout the tenure of the NCDs. This security structure provides investors with protection against the company's receivables portfolio.

Corporate Governance and Compliance

The allotment was conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Debenture Allotment Committee meeting commenced at 1:00 p.m. and concluded at 1:20 p.m. on April 22, 2026. The debentures are redeemable on maturity at par value, ensuring full principal repayment to investors upon maturity.

Source: None/Company/INE756I01012/8e73d30544844813.pdf

HDB Financial Services has announced ambitious growth projections, setting expectations for robust business expansion in the coming fiscal period. The financial services company is positioning itself for significant growth across its core lending operations.

Growth Projections and Business Outlook

The company expects to achieve 18-20% year-over-year disbursement growth, reflecting confidence in its operational capabilities and market positioning. This growth target demonstrates HDB Financial Services' strategic focus on expanding its lending portfolio while maintaining sustainable business practices.

Strategic Asset Finance Positioning

HDB Financial Services is targeting a balanced 50-50 mix between used and new asset financing, indicating a strategic approach to portfolio diversification. This balanced allocation strategy aims to optimize risk management while capturing opportunities across different segments of the asset financing market.

The company's focus on maintaining equal weightage between used and new asset finance reflects a comprehensive understanding of market dynamics and customer requirements across various asset categories.

Q1 FY'27 Momentum Expectations

The financial services provider anticipates strong momentum in Q1 FY'27, which forms the foundation for its optimistic disbursement growth projections. This expected momentum suggests positive market conditions and the company's readiness to capitalize on emerging opportunities in the financial services sector.

The projected growth trajectory positions HDB Financial Services for enhanced market presence while maintaining its commitment to balanced portfolio management across different asset financing segments.