HDB Financial Services Raises INR3 Billion via Debt Offering

MT Newswires Live
04/22

HDB Financial Services (NSE:HDBFS, BOM:544429) has raised 3 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, according to a filing to the Indian stock exchanges on Wednesday.

The company has allotted 30,000 non-convertible debentures of a face value of 100,000 rupees each with a coupon rate of 7.7545% per annum.

The debentures are proposed to be listed on the wholesale debt market segment of the BSE and are scheduled to mature on May 4, 2029.

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