Homemarket Newsbonds News

    HDFC to raise Rs 8,500 crore via bonds

    HDFC to raise Rs 8,500 crore via bonds

    HDFC to raise Rs 8,500 crore via bonds
    Profile image

    By PTI  IST (Updated)

    Mini

    Mortgage lender HDFC Ltd will raise up to Rs 8,500 crore by issuing bonds on a private placement basis to shore up long-term capital needs.

    Mortgage lender HDFC Ltd will raise up to Rs 8,500 crore by issuing bonds on a private placement basis to shore up long-term capital needs.
    The secured redeemable non-convertible debentures (NCDs) with an issue size of Rs 500 crore and option to retain oversubscription up to Rs 8,500 crore are to be allotted on Thursday on a private placement basis, HDFC said in a regulatory filing.
    "The object of the issue is to augment the long-term resources of the Corporation. The proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements of the Corporation," HDFC said in a regulatory filing.
    HDFC said only those persons who are specifically addressed through a communication are eligible to apply for the debentures.
    "No other persons can apply," it added.
    The securities, with a tenor of 10 years, bear coupon rate of 9 per cent per annum.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    arrow down

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng