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HDB Financial Services Raises INR15.5 Billion Through Debenture Allotment

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HDB Financial Services (NSE:HDBFS, BOM:544429) has raised 15.5 billion Indian rupees through the allotment of non-convertible debentures on a private placement basis, in three tranches, according to a Thursday filing to the Indian stock exchanges.

The company allotted 155,000 non-convertible debentures of face value of 100,000 rupees each, including a first tranche of 30,000 debentures with a coupon rate of 7.18% per annum to mature on Sept. 22, 2028.

The second tranche of 25,000 debentures carries a coupon rate of 7.7545% and will mature on May 4, 2029, while the third tranche of 100,000 debentures with a coupon rate of 8.2301% will mature on July 5, 2029, the filing said.

The debentures are proposed to be listed on the wholesale debt market segment of the BSE.

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