Description

BSE announces listing of new debt securities worth Rs. 50 crore by HDB Financial Services Limited on private placement basis.

Summary

BSE has listed new debt securities of HDB Financial Services Limited worth Rs. 50 crore on private placement basis. The securities carry 7.9611% interest rate and mature on January 5, 2028.

Key Points

  • New debt securities of HDB Financial Services Limited listed on BSE
  • Issue size: Rs. 50 crore (50,000 securities of Rs. 100,000 face value each)
  • Interest rate: 7.9611% per annum
  • Credit rating: CARE AAA/Stable and CRISIL AAA/Stable
  • Issue price: Rs. 101,674.90 per security
  • ISIN: INE756I07FB6 (further listing under same ISIN)

Regulatory Changes

No regulatory changes introduced.

Compliance Requirements

  • Securities will be traded only in dematerialized form
  • Tick size is 1 paise
  • Trading members can refer to Placement Memorandum for detailed information

Important Dates

  • Date of allotment: October 15, 2024
  • Interest payment dates: Annually from January 5, 2026 to January 5, 2028
  • Redemption date: January 5, 2028
  • Effective trading date: August 8, 2025

Impact Assessment

Minimal market impact as this is a routine debt security listing. The high credit rating (AAA) indicates strong creditworthiness of the issuer. No put/call options available on these securities.

Impact Justification

Routine debt security listing with no market-wide impact