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HDFC to raise Rs 1,000 crore via issue of debentures

13 Jun 2016 Evaluate

In order to fund its business growth model, Housing Development Finance Corporation (HDFC), the country’s largest mortgage lender has decided to raise Rs 1000 crore by issuing debentures. The issue will open for subscription on June 15 and will close on the same day. The object of the issue is to augment the long-term resources of the company.  The debt instruments - secured redeemable non-convertible debentures - will carry a coupon rate of 8.46 per cent per annum.

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.

HDFC-Amalgamated Share Price

2729.95 0.00 (0.00%)
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