HDB Financial raises Rs 300 crore through NCD

HDB Financial Services has raised Rs 300 crore through Secured Redeemable Non-Convertible Debentures (NCDs). The Debenture Allotment Committee of the company at its meeting held on May 18, 2026, has allotted 30,000 NCDs of face value of Rs 1,00,000 each on private placement basis. The NCDs carry a T-Bill Linked Floating rate with Quarterly reset and has Initial Coupon rate of 7.3517%. The NCDs have a tenure of 1096 days and will mature on May 18, 2029. HDB Financial Services (HDBFS) is a leading Non-Banking Financial Company (NBFC) that caters to the growing needs of an Aspirational India, serving both Individual & Business Clients.