Housing Development Finance Corporation (HDFC) has planned to raise Rs 10,000 crore by issuing non-convertible debentures (NCDs) on a private placement basis to shore up its resources. These unsecured NCDs have a tenure of 10 years, and the coupon rate will be decided on the electronic bidding platform.
The object of the issue is to augment the long-term resources of the corporation. The proceeds of the issue would be utilised for financing/refinancing the housing finance business requirements.
HDFC offers a whole gamut of products like loans to individuals, loans to corporates, construction finance, and lease rental discounting. The financial conglomerate has subsidiaries and associates in insurance (general and life), asset management, education finance, venture funds and banking services.
Company Name | CMP |
---|---|
LIC Housing Finance | 661.45 |
Indiabulls Housing | 170.75 |
Housing & Urban Dev. | 228.10 |
PNB Housing Finance | 787.60 |
Can Fin Homes | 748.05 |
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