HDFC Life Insurance issues ₹1,000 cr in subordinated debt debentures
HDFC Life Insurance Company Limited announced today the allotment of ₹1,000 crore worth of unsecured, non-convertible debentures as part of its capital raising initiative. The Capital Raising Committee approved the issuance of 1,00,000 debentures, each with a face value of ₹1,00,000.
The shares of HDFC Life Insurance Company Limited were trading at ₹623.50 down by ₹6.10 or 0.97 per cent on the NSE today at 2.05 pm.
The 10-year debentures, set to mature on February 14, 2035, carry a fixed coupon rate of 8.10 per cent per annum with annual payments starting February 2026. Both ICRA Limited and CARE Ratings Limited have assigned a “AAA (Stable)“ rating to the issue.
According to the regulatory filing, the debentures will be listed on the Wholesale Debt Market segment of the National Stock Exchange of India Limited. The subordinated debt instruments are being issued in compliance with the Insurance Regulatory and Development Authority of India regulations for capital structure.
The company clarified that the debentures are neither secured nor covered by any guarantee, maintaining the priority of claims for policyholders and other creditors. The issue was made on a private placement basis to identified parties, with all securities issued in dematerialised form.
This capital-raising move comes as part of HDFC Life’s ongoing financial strategy to strengthen its capital base while taking advantage of current market conditions.
