In order to fund its business expansion, Housing Development Finance Corporation (HDFC) is planning to raise about $750 million (around Rs 5,000 crore) through rupee denominated bonds. The terms of the bonds, including issue size, pricing and tenure, are expected to be decided on March 24, 2017.
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.
