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HDFC planning to raise Rs 2,000 crore through NCDs

25 Nov 2021 Evaluate

Housing Development Finance Corporation (HDFC) is planning to raise Rs 2,000 crore by issuing secured redeemable non – convertible debenture (NCDs) on private placement basis at 7.05% p.a. coupon rate. The object of the issue is to augment the long term recourses of the company. The proceeds of the present issue would be utilized 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.

HDFC-Amalgamated Share Price

2729.95 0.00 (0.00%)
12-Jul-2023 18:01 View Price Chart
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