SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

HDFC to raise Rs 3000 crore through synthetic bonds

12 Jul 2016 Evaluate

HDFC, the country’s premier housing finance entity has decided to raise Rs 3,000 crore through synthetic bonds, the first ever by an Indian company. The company proposes to issue Rs 2,000 crore synthetic bonds, also known as masala bonds, with an option to retain over-subscription of up to Rs 1,000 crore. The corporation is the first Indian public issuer of synthetic INR notes.

The synthetic notes are in the nature of 'Rupee Denominated Bonds' as per applicable Reserve Bank of India guidelines. Synthetic products are structured to suit the cash flow needs of the investor. They are created in the form of a contract and therefore given the name synthetic.

The bonds will bear a fixed coupon and will have a tenor of 3 years and 1 month. The company has appointed Axis Bank, Credit Suisse and Nomura as joint book runners and lead managers for the issue.  The Corporation proposes to list the notes on the London Stock Exchange and the pricing will take place on or before July 15 subject to market conditions.

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%)
12-Jul-2023 18:01 View Price Chart
Peers

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×