Housing Development Finance Corporation (HDFC) is planning to raise up to Rs 11,000 crore by issuing secured redeemable non-convertible debentures (NCDs). The base issue size is Rs 4,000 crore with an option to retain oversubscription of up to Rs 7,000 crore.
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.
