HDFC To Raise Rs 730 Crore Via Bonds

New Delhi: HDFC Ltd on Friday said it’ll enhance Rs 730 crore through non-public placement of non-convertible debentures.

The mortgage lender said the proceeds could be used to fund its long time capital resources.

“The object of the problem is to enhance the lengthyterm assets of the organisation. The proceeds ofthe prevailing issue could be utilised for financing/refinancing the housing finance businessrequirements,” Housing improvement Finance business enterprise (HDFC) stated in a regulatorysubmitting.

The secured redeemable non-convertible debentures will convey a chit rate of 8.forty five in line with centin line with annum.

The agency said it will talk especially to the eligible traders and no other folks could be able to join the debentures.

the problem will open on Tuesday (can also 24) and could near on the identical day.

HDFC stated ICICI bank is the arranger of the difficulty. stocks of the enterprise closed zero.29 in step with cent up at Rs 1,one hundred eighty.10 apiece on BSE these days.

(This story has not been edited through NDTV personnel and is car-generated from a syndicated feed.)
tale first published on: may 20, 2016 19:29 (IST)

Tags: HDFC, HDFC Ltd, loan lender, Housing improvement Finance corporation, business information