DLF has raised Rs 1,000 crore through the issue of non-convertible debentures (NCDs) on a private placement basis. The company has allotted 10,000 senior, secured, rated, listed, NCDs of the face value of Rs 10 lakh each at par. The tenure of the NCDs is three years with coupon rate of 9.25 per cent and 9.5 per cent annually.
DLF is one of India's biggest property developers. The company’s primary business is development of residential, commercial and retail properties. The company has a unique business model with earnings arising from development and rentals.
