HDFC to Raise Rs 500 Crore By Issuing Bonds to Finance Housing Biz

Issue size of Rs 500 crore secured redeemable non-convertible debentures, to be held on private placement basis, will carry a coupon rate of 8.35 per cent per annum.

2
290

New Delhi: To cater to housing finance needs, India’s largest mortgage lender HDFC on Monday said it will raise Rs 500 crore by issuing bonds on a private placement basis.

Issue size of Rs 500 crore secured redeemable non-convertible debentures, to be held on private placement basis, will carry a coupon rate of 8.35 per cent per annum.

“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.

The bonds with a tenor of five years, have April 26, 2021 as the redemption date.

HDFC said the issue can be subscribed by only the persons who are specifically addressed through a communication by the company.

Scripts of the company traded 1.77 per cent down at Rs 1,111.40 apiece on BSE.

Source-zeenews.india.com

Comments

comments

Get More Of Real Estate

Subscribe to our mailing list and get interesting real estate stuff updates to your email inbox.

Thank you for subscribing.

Something went wrong.

Latest Price Performance of Indian Real Estate Companies Stocks

SHARE
Previous article3 Small Spaces Packed With Big Style (Includes Floor Plans)
Next articleDesign Ideas To Steal From New York’s 11 Howard Hotel
Vikas Shukla is a professional blogger, speaker, and rockstar digital marketer! He is also a very avid photographer. He believes in enjoying life rather than working just to survive. He’s always dreamed big, strived for greatness and deeply cared about people. His passionate spirit is evident by his funky superhero movie t-shirts and his new tattoo. His love for vegetarian will never allow him to become a chicken but his love of life and will to succeed make him your ideal motivational speaker and personal consultant. I have an experience of 5 + yrs in SEO & Digital Marketing field. With strong knowledge of Internet Marketing terms like Social Media Optimization (SMO),Search Engine Optimization (SEO), Blogging, Local Search Optimization, Mobile SEO, Ecommerce SEO & WordPress .

2 COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Comment moderation is enabled. Your comment may take some time to appear.