HDFC Ltd to raise Rs 1,500 cr via bonds issuance to augment capital - Firstpost
Firstpost

HDFC Ltd to raise Rs 1,500 cr via bonds issuance to augment capital

#BSE   #HDFC   #mortgage lender   #NCDs   #non-convertible debentures  


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New Delhi: Mortgage lender HDFC Ltd will raise Rs 1,500 crore by issuing debt securities on private placement basis.

The secured non-convertible debentures (NCDs) will carry coupon rate of 7.5 percent per annum.

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"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," it said in a regulatory filing.

The issue will open on October 13 with a tenor ending on October 12, 2018.

HDFC Ltd stock closed 0.21 per cent to Rs 1,423.80 on BSE.

First Published On : Oct 6, 2016 16:56 IST

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