In a bid to augment its long-term capital resources, HDFC is planning to raise Rs 1,035 crore through issuance of debentures on a private placement basis. The proceeds of the issue will be utilized for financing/refinancing the housing finance business requirements of the corporation. The debentures, which will carry a coupon rate of 8.5 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.
