SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

HDFC to raise Rs 2000 crore on private placement basis

31 Jul 2017 Evaluate

Housing Development Finance Corporation (HDFC) will issue secured redeemable non-convertible debentures (NCDs) worth Rs 2000 crore on a private placement basis. The issue will open on August 1 and close on the same day. The coupon rate on the bonds is fixed at 7.20% per annum and set to mature by September 2020. The object of the issue is to augment long-term resources of the corporation. The proceeds of the present issue would be utilized for financing and refinancing the housing finance business requirements of the corporation.

Housing Development Finance Corporation (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:

×