Description

HDB Financial Services Limited has listed new debt securities worth Rs. 3,530 crores across three tranches on BSE Debt segment with varying maturities from 2028 to 2035.

Summary

HDB Financial Services Limited has listed three new debt securities on BSE Debt segment effective November 28, 2025. The securities were issued on private placement basis and allotted on November 27, 2025. Total aggregate value is approximately Rs. 3,530 crores across three tranches with maturities ranging from January 2028 to June 2035. All securities carry CARE AAA/Stable and CRISIL AAA/Stable ratings.

Key Points

  • Tranche 1 (Zero Coupon): 6,300 units of HDBFSL-ZC-04-10-28-PVT (Scrip Code: 977071, ISIN: INE756I07FI1) with face value Rs. 1 lakh, maturing October 4, 2028
  • Tranche 2: 5,000 units of HDBFSL-7.95%-04-06-35-PVT (Scrip Code: 976817, ISIN: INE756I08306) bearing 7.95% p.a. interest, maturing June 4, 2035
  • Tranche 3: 24,000 units of HDBFSL-7.9611%-5-1-28-PVT (Scrip Code: 976100, ISIN: INE756I07FB6) bearing 7.9611% p.a. interest, maturing January 5, 2028
  • All securities will trade only in dematerialized form
  • Market lot size is 1 unit for all tranches
  • Tick size is 1 paise
  • Credit ratings: CARE AAA/Stable and CRISIL AAA/Stable for all tranches

Regulatory Changes

No regulatory changes announced in this circular.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Trading members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for further details
  • Any clarifications can be obtained from BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Date of Allotment: November 27, 2025 (all tranches)
  • Trading Commencement: November 28, 2025
  • Interest Payment Dates:
    • Tranche 2 (7.95%): Annually from June 23, 2026 to June 4, 2035
    • Tranche 3 (7.9611%): Annually from January 5, 2025 to January 5, 2028
  • Redemption Dates:
    • Tranche 1: October 4, 2028
    • Tranche 2: June 4, 2035
    • Tranche 3: January 5, 2028

Impact Assessment

This is a routine debt listing with minimal market impact. The securities are privately placed institutional instruments rated AAA by both CARE and CRISIL, indicating highest credit quality. Trading is restricted to dematerialized form on BSE Debt segment. No put/call options are available on any tranche. The listing expands HDB Financial Services’ debt portfolio and provides liquidity to institutional investors. No impact on equity markets or retail investors expected.

Impact Justification

Routine debt listing announcement for institutional investors with no impact on equity markets or retail investors