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HDFC to raise funds via bonds on private placement

Discussion in 'Stock Market News & Analysis' started by capitalstars05, Jun 27, 2016.

  1. capitalstars05

    capitalstars05 New Member

    Sep 26, 2014
    Likes Received:
    Housing finance major, HDFC said that it will raise Rs1,035 crore through issuance of debentures on a private placement basis to augment its long-term capital resources.
    The object of the issue is to augment long-term resources of the corporation. The proceeds of the present issue would be utilized for financing/refinancing the housing finance business requirements of the corporation.
    The bonds in the form of secured redeemable non- convertible debentures will carry a coupon rate of 8.5% per annum.

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