HDFC Life Insurance Company Limited has announced the allotment of 1,00,000 unsecured, rated, listed, subordinated, redeemable, fully paid-up, non-cumulative, non-convertible debentures. Each debenture carries a face value of ₹1,00,000, for a total aggregate value of ₹1,000 crore. The allotment was made by the Capital Raising Committee (CRC) of the Board.
The debentures are issued on a private placement basis, with a fixed coupon rate of 8.05% per annum, payable annually starting from October 2025, and will mature in 10 years on October 9, 2034. These debentures are listed on the WDM segment of the National Stock Exchange of India Limited.
The debentures are rated “ICRA AAA (Stable)” by ICRA Limited and “CARE AAA (Stable)” by CARE Ratings Limited, affirming the high creditworthiness of the issuance. HDFC Life confirmed that no material delays or defaults on interest or principal payments are anticipated.
This issuance strengthens HDFC Life’s capital structure and aligns with its long-term funding strategy.
