HDFC to raise 500 crore through bonds for housing

HDFC housing loans
HDFc to raise 500 crores by issuing bonds on private placement basis with a tenor of five years./ source via - google search, business news.
To cater to housing finance needs, India's largest mortgage lender HDFC today said it will raise Rs 500 crore by issuing bonds on a private placement basis.

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.
HDFC to raise 500 crore through bonds for housing HDFC to raise 500 crore through bonds for housing Reviewed by OnlyHeadlines Senior Writer on Monday, April 25, 2016 Rating: 5

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