Comments
HDFC Ltd today said it will issue non-convertible debentures (NCDs) on a private placement basis to raise Rs 2,000 crore.
The secured, redeemable NCDs to be issued on July 27, will carry a coupon rate of 8.15 per cent per annum, HDFC said in a regulatory filing.
“The objective 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.
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.
HDFC shares ended higher by 1.88 per cent at Rs 1,357 on the BSE.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.