HDFC Life has allotted 74,900 unsecured, rated, listed, subordinated, redeemable, fully paid-up, non-cumulative, non-convertible debentures, each with a face value of ₹1,00,000, for a total nominal value of ₹7,49,00,00,000. The allotment occurred on December 15, 2025, via private placement. The debentures are unsecured and have a tenure of 10 years.
Debenture Allotment Details
HDFC Life announced the allotment of 74,900 unsecured, rated, listed, subordinated, redeemable, fully paid-up, non-cumulative, non-convertible debentures. The Capital Raising Committee approved the allotment on December 15, 2025.
Key Terms of the Debentures
The debentures have a face value of ₹1,00,000 each, resulting in an aggregate nominal value of ₹7,49,00,00,000. These debentures are in dematerialized form and were allotted for cash on a private placement basis. The coupon rate is fixed at 7.63% per annum.
Nature and Security
These debentures are unsecured, rated, listed, redeemable, fully paid-up, non-cumulative, and non-convertible. They are subordinated debt instruments, aligning with the Insurance Regulatory and Development Authority of India Regulations, 2024. The debentures are neither secured nor guaranteed by the company.
Allotment and Maturity
The deemed date of allotment is December 15, 2025. The debentures have a tenure of 10 years, with a maturity date of December 15, 2035, subject to the company’s call option. Listing will be on the National Stock Exchange of India Ltd debt market.
Redemption and Coupon Payments
The debentures are redeemable at par (₹1,00,000 per debenture) along with the coupon payable on the redemption date. Coupon payments will be made annually on December 15, starting from December 2026, subject to the company’s call option. The principal will be repaid on December 15, 2035, also subject to the call option.
Source: BSE
