HDB Financial Services Allots ₹250 Crore Secured NCDs on Private Placement
Filing Summary
HDB Financial Services Limited announced the allotment of 25,000 secured, redeemable, non-convertible debentures (NCDs) with a face value of ₹1,00,000 each, totaling ₹250 crore, on a private placement basis. The NCDs, carrying a coupon rate of 7.3268%, were allotted on October 24, 2025, and will mature on October 4, 2030. Coupon payments are scheduled annually until maturity. The instruments are secured by a first and exclusive charge on receivables and will be listed on the BSE Wholesale Debt Market Segment under ISIN INE756I07FK7.
HDB Financial Services Limited has announced that its Debenture Allotment Committee has approved the allotment of 25,000 secured, redeemable, non-convertible debentures (NCDs) on a private placement basis. Each NCD carries a face value of ₹1,00,000, aggregating to a total issue size of ₹250 crore.
The allotment was made on October 24, 2025, and is part of the company’s regular debt fund-raising program through privately placed instruments. The disclosure has been made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The NCDs will be listed on the Wholesale Debt Market Segment of BSE Limited and will carry an ISIN – INE756I07FK7.
Key Terms of the NCDs:
• Total Issue Size: ₹250 crore
• Number of NCDs: 25,000
• Face Value: ₹1,00,000 per NCD
• Type: Secured, Redeemable, Non-Convertible Debentures
• Tenure: 1,806 days (approximately 4 years, 11 months)
• Date of Allotment: October 24, 2025
• Date of Maturity: October 4, 2030
• Coupon Rate: 7.3268% per annum
• Coupon Payment Dates: October 23, 2026; October 23, 2027; October 23, 2028; October 23, 2029; and on maturity on October 4, 2030.
• Security: The NCDs are secured by a first and exclusive charge on the company’s present and future receivables, with an asset cover of at least 1.0x of the principal outstanding and accrued interest.
• Redemption: Redeemable at par value upon maturity.
• Credit Rating: The NCDs are rated and listed instruments; the rating agency name and grade were not disclosed in the filing.
The company has confirmed that there is no delay or default in interest or principal payments and no special rights or privileges are attached to the instrument beyond the stated terms. The meeting of the Debenture Allotment Committee commenced at 12:05 p.m. and concluded at 12:25 p.m.
This issuance aligns with the company’s funding plans and strengthens its debt portfolio for long-term financial management.
About HDB Financial Services Limited
HDB Financial Services Limited, headquartered in Mumbai, is a non-banking financial company (NBFC) registered with the Reserve Bank of India. It is a subsidiary of HDFC Bank Limited. The company provides financing solutions to retail and commercial customers, including loans, asset financing, and consumer durables financing. HDB Financial also offers collections, back-office services, and other support solutions through its branches and service centers across India.