HDFC looks to raise Rs2,000 crore via NCDs
The secured, redeemable NCDs to be issued on 27 July, will carry a coupon rate of 8.15% per annum, HDFC said in a regulatory filing
New Delhi: HDFC Ltd Friday said it will issue non-convertible debentures (NCDs) on a private placement basis to raise Rs2,000 crore.
The secured, redeemable NCDs to be issued on 27 July, will carry a coupon rate of 8.15% per annum, HDFC said in a regulatory filing.
“The object of the issue is to augment 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," it said.
The Housing Development Finance Corporation (HDFC) said only the persons specifically addressed through a communication are eligible to apply for the debentures and no other person could apply.
Stock of the company was trading 1.35% higher at Rs1,350.00 on BSE in pre-close session.
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