Housing Development Finance Corporation (HDFC), the country’s largest mortgage lender, will raise Rs 525 crore through debt instruments on a private placement basis. HDFC will issue secured redeemable non-convertible debentures (NCDs) on March 11, 2016 to raise the required sum. The debt instruments to be maturing for April 2019 carry a coupon rate of 8.72 per cent.
The object of the issue is to increase the long-term resources of the corporation. The proceeds of the present issue will be utilised for financing or refinancing the housing finance business requirements of the corporation.
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 | 536.95 |
| Housing & Urban Dev. | 199.70 |
| Bajaj Housing Financ | 89.58 |
| Piramal Finance | 1639.80 |
| PNB Housing Finance | 905.80 |
| View more.. | |
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