Housing Development Finance Corporation (HDFC), the country’s largest mortgage lender, has raised Rs 2,000 crore through the sale of bonds in order to boost lending operations and meet its future capital needs. The bonds, which have tenure of 5 years, attracted a coupon rate of 8.5%.
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.
