Housing Development Finance Corporation (HDFC), India's biggest mortgage company, is eyeing to raise Rs 250 crore via placement of 10-year bonds at 9.60 per cent with Calyon. The issue is scheduled for pay-in on September 23.
Recently, HDFC had hiked its retail prime lending rate on housing loans by 50 basis points (bps). The mortgage lender had hiked the rate with effect from Aug 1. The hike in retail lending rate reflects tight monetary conditions and is in line with the hike in key interest rate by Reserve Bank of India (RBI) and also in line with peers in the lending industry.
HDFC was incorporated as the first specialized mortgage finance company in India. With over three decades of successful operations, HDFC offers a whole gamut of products like home loans, home improvement loans, home extension loans, home equity loans etc. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services etc.
Company Name | CMP |
---|---|
LIC Housing Finance | 648.40 |
Indiabulls Housing | 156.65 |
Housing & Urban Dev. | 254.55 |
PNB Housing Finance | 733.00 |
Can Fin Homes | 768.20 |
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