HDFC To Raise Rs 730 Crore Via Bonds

New Delhi: HDFC Ltd on Friday said it’s going to boost Rs 730 crore thru personal placement of non-convertible debentures.

The mortgage lender stated the proceeds might be used to fund its long term capital assets.

“The item of the difficulty is to augment the longtime period resources of the enterprise. The proceeds of the existing issue could be utilised for financing/refinancing the housing finance businessrequirements,” Housing development Finance enterprise (HDFC) stated in a regulatory filing.

The secured redeemable non-convertible debentures will carry a discount rate of 8.45 in keeping with centin line with annum.

The employer said it will talk especially to the eligible investors and no different individuals would beable to join the debentures.

the difficulty will open on Tuesday (may additionally 24) and could close on the equal day.

HDFC stated ICICI financial institution is the arranger of the issue. shares of the company closed 0.29 in step with cent up at Rs 1,a hundred and eighty.10 apiece on BSE these days.

(This story has not been edited by way of NDTV body of workers and is car-generated from a syndicated feed.)