HDB Financial Services Limited has announced the allotment of 30,000 Secured Redeemable Non-Convertible Debentures (NCDs) with a face value of ₹1,00,000 each, aggregating to ₹300 crore. This issuance was made on a private placement basis. The allotment was approved by the Debenture Allotment Committee of the Company at its meeting held on July 09, 2026. The meeting commenced at 12:30 p.m. and concluded at 12:50 p.m. The NCDs include a fresh issuance of 10,000 NCDs aggregating to ₹100 crore with a tenure of 3648 days and an interest rate of 7.7861%. The maturity date for this portion is July 04, 2036, with interest and principal payments scheduled periodically until maturity. Additionally, there was a re-issuance of 20,000 NCDs aggregating to ₹200 crore with a tenure of 757 days and an interest rate of 7.3274%. The maturity date for this part is August 04, 2028, with payments scheduled on August 04, 2026, August 04, 2027, and on maturity. The Debentures are proposed to be listed on the Wholesale Debt Market Segment of BSE Limited. The company has created a first and exclusive charge by way of hypothecation over present and future receivables, maintaining a minimum asset cover of one time the principal outstanding and interest accrued.
