HDFC to raise 500 crore through bonds for housing
|HDFc to raise 500 crores by issuing bonds on private placement basis with a tenor of five years./ source via - google search, business news.|
The bonds with a tenor of five years, have April 26, 2021, as the redemption date.
Issue size of Rs 500 crore secured redeemable non-convertible debentures, to be held on private placement basis, will carry a coupon rate of 8.35 per cent per annum.
The proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements of the Corporation.