HDB Financial Services (NSE:HDBFS, BOM:544429) raised 1.75 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a Thursday filing to the Indian stock exchanges.

The company allotted 17,500 non-convertible debentures at a face value of 100,000 rupees each.

The debentures carry a coupon rate of 7.65% and are scheduled to mature on May 5, 2028. They are proposed to be listed on the wholesale debt market segment of the BSE.

The company's shares were down nearly 1% in recent trade.