Security Name: 8.70% HDB Financial Services Limited (P) Call : 29 Nov 2029
ISIN:
INE756I08207
Taxable
Tax Category
29 Nov, 2029
Call Date
(4 Yr 9 Mo 4 D to call)
Yearly
Interest Payment Frequency
Yes
NRI Eligibility
29 Nov, 2019
Allotment Date
NA
Put Date
29 Nov, 2025
Next Interest Payment Date
15 days
Shut Period
Both
Active on NSDL/CDSL
Non-Guaranteed
Type of Guarantee
Yes
Perpetual
Private Placement
Mode of Issue
Listed
Listing Details
Non Public Sector Undertaking
Type of Issuer
₹NaN
Dirty Price
8.7%
Coupon
Fixed Interest
Coupon Basis
8.5665%
Current Yield
YOUR EARNING
Your Investment
Final Payout
₹0
Error Generating Cashflow 😥. We are looking into this.
*All Interest Payments will be subject to TDS (Not Applicable on Government Securities and Tax Free Bonds)
YOUR RISK
Repayment Priority
Higher the level, higher the priority of investment repayment on default
Security with Collateral?
An investment secured with collateral helps
ISSUER
HDB Financial Services Limited
Incorporated in 2007, is a Non-Banking Financial Company (NBFC) that caters to the both Individual & Business Clients. HDB Financial Services Limited is a subsidiary company of HDFC Bank which owns 95.1% stake in the company as on Mar’21. The company had 1319 branches across 959 cities in India as on Mar’21.
The ratio in FY24 is 8.26x and it was 8.21x in FY23, indicating slight increase in the debt level due to increase borrowings as well as finance cost of the issuer.
Debt/EBITDA
The ratio in FY24 is 1.68x and it was 1.75x in FY23, indicating decrease in the ability of the issuer to service its debt, majorly due to increase in the interest on borrowing and debt securities which led to increase in finance cost.
Interest coverage ratio
Recent News
HDFC Bank gears up to list NBFC arm HDB Financial
Apr 11, 2024 | HDB Financial Services Limited
HDB Fin Services to raise Rs 2,500 crore via debt capital for biz growth
Apr 11, 2024 | HDB Financial Services Limited
IPO-bound HDB Financial stock soars in unlisted market
Nov 15, 2024 | HDB Financial Services Limited
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STEPS TO BUY THIS BOND
Information required for KYC
PAN Card
Bank Account Proof
Aadhaar Card
Demat Account Proof
How to exit the investment?
To know more about the Bond and the issuer, download the Information Memorandum.
To read about the reasons for the ratings assigned to the Bond, download the Rating Rationale.
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Principal Amount
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BOND VALUE DETAILS
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Stamp Duty
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Total Investment
| Cashflow for INE756I08207 |
|---|
| Disclaimer: The actual dates and interest amounts can vary depending on Bank closures, holidays etc. Tax Deducted at Source (TDS) is applicable on interest receivable based on relevant tax regulations. You can avail TDS credit while filing your Income Tax Return (ITR). |
|---|
| Security Name |
|---|
| 8.70% HDB Financial Services Limited (P) Call : 29 Nov 2029 |
| Credit Rating |
|---|
| AAA Stable by CRISIL AAA Stable by CARE |
| Coupon Frequency |
|---|
| Yearly |
| Face Value |
|---|
| ₹10,00,000 |
| Coupon |
|---|
| 8.700000% |
| YTM or YTC |
|---|
| YTC |
| Call Date |
|---|
| 29/11/2029 |
| Security |
|---|
| Senior Unsecured |
| No. of Bonds |
|---|
| 1 |
| Settlement Date |
|---|
| Principal Amount |
|---|
| ₹10,15,580 |
| Accrued Interest |
|---|
| ₹NaN |
| Stamp Duty |
|---|
| ₹0 |
| Total Amount Payable |
|---|
| ₹NaN |
| Price |
|---|
| ₹101.558 |
| Yield |
|---|
| % |
| Year | Payment Date | Amount | Amount after TDS | Payout Type |
|---|
Disclaimer: Investments in Debt Securities/ Municipal Debt Securities/ Securitised Debt Instruments are subject to risks including delay and/ or default in payment. Read all the Offer Related documents carefully.
Source: Issuer website, Rating Rationale, Issuer Annual Report, Information Memorandum and News from Google.
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