Housing Development Finance Corporation (HDFC) is undertaking an issuance of Rupee Denominated Bonds to overseas investors. The corporation is eyeing to raise funds pursuant to the approval of the Board of Directors at its previously held meetings.
The corporation is looking to raise up to Rs 500 crore. The issue opening date is August 31, 2016 while the issue closing / pricing date will be September 1, 2016. The bonds will be listed on London Stock Exchange.
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.
