Dewan Housing Finance Corporation (DHFL) is planning to raise up to Rs 4,000 crore through a maiden issue of non-convertible debentures (NCDs), where investors have the option of linking the coupon with retail inflation.
The issue will open for subscription on August 3 and close on August 16 and the net proceeds of the issue will be used for onward lending, financing and general corporate purposes.
The company proposes to issue secured redeemable NCDs of face value of Rs 1,000 each aggregating up to Rs 4,000 crore. For investors, there will be an option to choose between three, five and ten year tenors with monthly, annual and cumulative payment options.
Dewan Housing Finance Corporation is among the oldest private sector Housing Finance Companies (HFC) in India.
