Housing Development Finance Corporation (HDFC) has raised up to Rs 5,000 crore by issuing bonds on private placement basis. The object of the issue is to augment the long-term resources of the corporation. Proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements of the 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.
