HDB Financial Services has completed the allotment of 32,500 secured redeemable non-convertible debentures (NCDs) valued at ₹3,25,00,00,000 on a private placement basis. The Debenture Allotment Committee approved the issuance at its meeting held on April 28, 2026, marking a significant debt fundraising exercise by the financial services company.

Debenture Details

The key parameters of the debenture issuance are structured to attract institutional investors:

Payment Schedule and Security Terms

The debentures offer a structured payment schedule with coupon payments on May 28, 2026, May 28, 2027, and May 29, 2028, along with principal repayment at maturity on May 29, 2028. The instrument is secured through a first and exclusive charge by way of hypothecation over present and future receivables of the issuer, maintaining a minimum asset cover of one time the principal outstanding and accrued but unpaid interest throughout the NCD tenure.

Market Listing and Capital Strategy

The NCDs will be listed on BSE's wholesale debt market segment, which caters specifically to institutional investors. This debenture allotment represents HDB Financial Services' strategy to raise capital through debt markets, demonstrating the company's ability to access institutional capital markets for its financing requirements. The private placement ensures that the debentures will be available to qualified institutional buyers and other eligible investors as per regulatory guidelines.

Source: None/Company/INE756I01012/62f38bcc-98cf-4b0d-9893-f9f0d4d6d1b3.pdf

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