Housing Development Finance Corporation (HDFC) will raise Rs 2,000 crore by issuing bonds on private placement basis to augment its long-term capital. The issue will open on September 6, 2017 and close on the same day. The proceeds of the present issue would be utilized for financing/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.
