Site Loader
No 157, 1st Floor, Paper Mills Road, Peravallur, Chennai 600082

The object of the issue is to augment the long-term resources of the lender, it said in a regulatory filing.

Mortgage lender HDFC Ltd will raise up to Rs 7,500 crore by issuing bonds on a private placement basis, the company said on Friday. The base issue size of non-convertible debentures (NCDs) is Rs 2,500 crore with the greenshoe option of Rs 5,000 crore.

The object of the issue is to augment the long-term resources of the lender, it said in a regulatory filing.

“The proceeds of the present issue would be utilised for financing/ refinancing the housing finance business requirements of the corporation,” it added.

The NCDs with a coupon rate of 7.20 per cent will be open for an offer on April 8 to the designated persons or entities. Shares of HDFC Ltd on Friday closed at Rs 813.50 apiece, down 1.95 per cent from the previous close, on the BSE.

Post Author: Stangrowth

Leave a Reply

Your email address will not be published. Required fields are marked *