Description

BSE announces listing of two series of privately placed non-convertible debentures issued by Hedge Finance Limited with 10.50% and 11% interest rates, maturing in 2029 and 2031 respectively.

Summary

BSE has listed two new series of privately placed non-convertible debentures issued by Hedge Finance Limited on the Debt segment effective December 3, 2025. The securities were allotted on December 2, 2025, and will trade in dematerialized form only.

Key Points

  • Two NCD series listed: HFL-10.50%-02-08-29-PVT (Scrip Code: 977336) and HFL-11%-02-06-31-PVT (Scrip Code: 977337)
  • Series 1: Face value Rs. 100,000, 10.50% p.a. interest, maturing August 2, 2029, ISIN: INE01ZK08638
  • Series 2: Face value Rs. 100,000, 11% p.a. interest, maturing June 2, 2031, ISIN: INE01ZK08646
  • Both series have quantity of 1,000 units with market lot of 1
  • Monthly interest payment frequency for both series
  • Credit rating: IVR BB+ Stable for both series
  • No put/call options available
  • Issue price equals face value (Rs. 100,000) for both series
  • Trading only in dematerialized form with tick size of 1 paise

Regulatory Changes

No regulatory changes introduced. This is a standard listing notification for privately placed debt securities.

Compliance Requirements

  • Trading members must trade these securities only in dematerialized form under the specified ISIN numbers
  • Tick size of 1 paise must be observed for trading
  • Trading members should refer to the Placement Memorandum available at https://www.bseindia.com/markets/debt/memorandum_data.aspx for detailed information
  • For clarifications, trading members may contact BSE debt department at 22728352/8597/8995/5753/8915

Important Dates

  • Date of Allotment: December 2, 2025
  • Listing Date: December 3, 2025
  • Interest Payment: Monthly for both series
  • Redemption Date (Series 1): August 2, 2029
  • Redemption Date (Series 2): June 2, 2031
  • Circular Date: December 3, 2025

Impact Assessment

Minimal market impact. This is a routine debt security listing for privately placed NCDs with limited issuance size (1,000 units each series). The securities are rated BB+ (sub-investment grade), indicating moderate credit risk. Impact is confined to debt segment participants and institutional investors who may have subscribed to the private placement. No effect on equity markets or broader trading activity.

Impact Justification

Routine debt security listing announcement for private placement NCDs of Hedge Finance Limited. Limited market impact as these are privately placed debt instruments with small issuance quantity (1000 units each) and trading restricted to debt segment participants.