1. HDFC to raise Rs 2,000 crore via bonds on September 6

HDFC to raise Rs 2,000 crore via bonds on September 6

Mortgage lender HDFC will raise Rs 2,000 crore by issuing bonds on private placement basis to augment its long-term capital.

By: | New Delhi | Updated: September 5, 2017 2:49 PM
HDFC, Mortgage lender HDFC, HDFC to raise Rs 2,000 crore, bonds on private placement basis, HDFC bank, private bank, private banks Mortgage lender HDFC will raise Rs 2,000 crore by issuing bonds on private placement basis to augment its long-term capital. (Express Photo)

Mortgage lender HDFC will raise Rs 2,000 crore by issuing bonds on private placement basis to augment its long-term capital. “The object of the issue is to augment the long-term resources of the Corporation. The proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements of the Corporation,” HDFC said in a filing. The issue to raise Rs 2,000 crore will open tomorrow and closes the same day. HDFC said the company will specifically address the persons who are eligible for the debenture issue and no other person can apply for it. Stock of HDFC traded 0.24 per cent up at Rs 1,759.75 on BSE.

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