India New Issue-HDB Financial Services to issue dual-tranche bonds, bankers say

HDB Financial Services

07/07/2026 11:23

    MUMBAI, July 7 (Reuters) - India's HDB Financial Services HDBF.NS plans to raise 7 billion rupees ($73.71 million), including a greenshoe option of 4 billion rupees, for the reissue of 7.3274% August 2028 bonds and fresh issue of 10-year bonds, three bankers said on Tuesday.
It will pay offer a yield of 7.68% on the reissue and a coupon of 7.7861% on the fresh issue, and has invited commitment bids on Wednesday, 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 7: 

            Issuer
          

            Tenure
          

            Coupon (in %)
          

            Issue size (in bln rupees)*
          

            Bidding date
          

            Rating
          
HDB Financial
August 2028 reissue
2 years and 1 month
7.78
2+1
July 7
AAA (Crisil, Care)
HDB Financial
10 years
7.3274 (yield)
1+3
July 7
AAA (Crisil, Care)
NTPC Green Energy
 
10 years
7.27
25
July 7
AAA(Crisil)

            PNB Housing Finance
          
3 years and 1 month
7.83
5
July 8
AAA (Care, India Ratings)

            Shriram Finance
          
3 years and 2 months 
7.80
10
July 8
AAA (Care, Icra)
Shriram Finance
December 2031 reissue
5 years, 5 months and 17 days
7.80 (yield)
5+5
July 8
AAA (Crisil, India Ratings)

            SIDBI
          
3 years and 4 months
To be decided
20+60
July 8
AAA (Care, Crisil)
Tata Capital
Jun 2029 reissue
2 years and 11 months
7.78 (yield)
10
July 6
AAA (Crisil, Icra)

            Tata Capital
          
 
5 years
7.88
27.50
July 6
AAA (Crisil, Icra)
     
       * Size includes base plus greenshoe for some issues


($1 = 94.9675 Indian rupees)

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