HDB Financial Services Raises ₹510 Crore Through NCD Issue, Plans BSE WDM Listing

Mumbai, Aug 22, 2025 – HDB Financial Services Limited (NSE: HDBFS, BSE: 544429) has successfully raised ₹510 crore through the allotment of secured redeemable non-convertible debentures (NCDs) on a private placement basis.

The Debenture Allotment Committee approved the issue earlier today, allotting 51,000 NCDs at a face value of ₹1,00,000 each. The securities, carrying a coupon rate of 8.3333%, are set to mature on August 6, 2027, and will be listed on the Wholesale Debt Market segment of BSE.

Issue Details

• Instrument: Secured Redeemable Non-Convertible Debentures (NCDs)
• Total Quantity: 51,000 debentures issued
• Face Value: ₹1,00,000 per debenture
• Issue Size: ₹510 crore in aggregate
• ISIN: INE756I07FA8
• Tenure: 714 days (just under 2 years)
• Allotment Date: August 22, 2025
• Maturity Date: August 6, 2027
• Coupon Rate: 8.33%
• Payout Frequency: Interest payable annually and on maturity
• Listing: Proposed on the BSE Wholesale Debt Market segment

Payment & Security Structure

• The first coupon payout is scheduled for August 6, 2026.
• The final coupon, along with the principal, will be paid on August 6, 2027.
• The debentures are secured by a first and exclusive charge over present and future receivables, with a minimum cover of 1.0x on both principal and accrued interest.
• Redemption will be at par on the date of maturity.

The allotment meeting was conducted between 11:40 a.m. and 12:00 p.m. today, with the resolution passed smoothly.

HDB Financial Services Limited, part of the HDFC group, is listed on both NSE and BSE. The company is engaged in lending and financial services, with its debt instruments actively traded in the wholesale debt market.

REF: https://nsearchives.nseindia.com/corporate/HDBF_22082025120757_SE_Intimation_-_Allotment_of_NCDs.pdf

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