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HDFC advances on raising Rs 1,300 crore through masala bonds

15 Nov 2017 Evaluate

Housing Development Finance Corporation (HDFC) is currently trading at Rs. 1673.05, up by 10.40 points or 0.63% from its previous closing of Rs. 1662.65 on the BSE.

The scrip opened at Rs. 1664.45 and has touched a high and low of Rs. 1675.75 and Rs. 1662.25 respectively. So far 7,072 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1804.50 on 07-Nov-2017 and a 52 week low of Rs. 1185.00 on 05-Dec-2016.

Last one week high and low of the scrip stood at Rs. 1774.00 and Rs. 1659.55 respectively. The current market cap of the company is Rs. 2,67,152.00 crore.

The Institutions and Non-Institutions held 88.97% and 11.03% respectively in the company.

Housing Development Finance Corporation (HDFC) has raised Rs 1,300 crore from World Bank-arm IFC through an issue of masala bonds, the specialized debt instruments that are meant to be issued overseas only.

The Corporation has closed the said issue on November 14, 2017 of the issue size of Rs 1,300 crore. It will offer a coupon rate of 6.73% payable semi-annually on these masala bonds. The bonds are set to mature on November 25, 2022 (5 years 9 days). The bonds are unrated and will be listed on the London Stock Exchange.


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%)
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