HDFC to elevate Rs 500 Crore thru Bonds

HDFC To Raise Rs 500 Crore Through Bonds

New Delhi: To cater to housing finance needs, India’s biggest loan lender HDFC nowadays stated it’llenhance Rs 500 crore by way of issuing bonds on a private placement basis.

trouble size of Rs 500 crore secured redeemable non-convertible debentures, to be hung on non-publicplacement foundation, will convey a coupon charge of 8.35 in line with cent in keeping with annum.

“The item of the difficulty is to enhance the longterm assets of the business enterprise. The proceeds of the existing trouble would be utilised for financing/refinancing the housing finance commercial enterprise necessities of the organisation,” HDFC stated in a regulatory submitting.

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

HDFC stated the problem can be subscribed via only the people who are mainly addressed via acommunique by way of the agency.

Scrips of the company closed 1.seventy five according to cent down at Rs 1,111.60 apiece on BSE.

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