India New Issue-HDB Financial Services accepts bids for bond issue, bankers say

HDB Financial Services

01/07/2026 10:40

    MUMBAI, July 1 (Reuters) - India's HDB Financial Services HDBF.NS has accepted bids worth 11.50 billion rupees ($121.00 million), for bonds maturing in two years and 11 months, three bankers said on Wednesday. 
It will pay a coupon of 7.90% and had invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 1: 

            Issuer
          

            Tenure
          

            Coupon (in %)
          

            Issue size (in bln rupees)*
          

            Bidding date
          

            Rating
          
HDB Financial
2 years and 11 months
7.90
11.50
July 1
AAA (Crisil, Care)
Sammaan Capital
1 year and 3 months
8.03
5+5
July 2
AA+ (Crisil, Icra)
Sammaan Capital
1 year and 8 months
8.43
5+5
July 2
AA+ (Crisil, Icra)

            Axis Finance
          
3 years and 1 month
7.81
1+5
July 2
AAA(Crisil, Care)

            Poonawalla Fincrop
          
2 years and 4 months
8.0568
2.25 + 5.25
July 2
AAA (Crisil)

            Bajaj Housing Finance
          
4 years
7.64
25
June 30
AAA (Crisil)
      * Size includes base plus greenshoe for some issues


($1 = 95.0450 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)
 ((Dharamraj.dhutia@tr.com))