India New Issue-HDB Financial to issue floating-rate bonds, bankers say
14/05/2026 07:59
MUMBAI, May 14 (Reuters) - India's HDB Financial Services HDBF.NS plans to raise up to 16.75 billion rupees ($175 million), including a greenshoe option of 13.75 billion rupees, through the sale of bonds maturing in three years, three bankers said on Thursday. It will pay a floating-rate coupon, with an initial rate at 7.3517%, and subsequent rates will be based on a three-month t-bill rate with a spread of 205 basis points, they said, adding the company has invited commitment bids on Friday. HDB Financial did not immediately respond to a Reuters email seeking comment. Here is the list of deals reported so far on May 14:
| Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
| HDB Financial Services | 3 years | floating rate | 0.3+13.75 | May 15 | AAA (Crisil) |
| Bajaj Housing Finance | 3 years | To be decided | 5+5 | May 15 | AAA (Crisil) |
| Tata Capital Housing Finance | 3 years | 7.85 | 5.75 | May 13 | AAA (Crisil, Icra) |
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