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Prospect News home > News index > List of issuers H > Headlines for HDB Financial Services Ltd. > News item
Published on 2/4/2020 in the Prospect News Emerging Markets Daily.

New Issue: India’s HDB Financial sells Rs. 2.29 billion 8.85% subordinated bonds

By Sarah Lizee

Olympia, Wash., Feb. 4 – HDB Financial Services Ltd. priced Rs. 2.29 billion of 8.85% unsecured non-convertible subordinated bonds due June 7, 2029 at par, according to a Bombay Stock Exchange notice.

The debentures were issued on a private placement basis.

Ahmedabad, India-based HDB provides financial services.

Issuer:HDB Financial Services Ltd.
Issue:Unsecured non-convertible subordinated bonds
Amount:Rs. 2,285,000,000
Maturity:June 7, 2029
Coupon:8.85%
Allotment date:Jan. 24

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