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  1. HDFC to raise Rs 1,000 cr via debentures

HDFC to raise Rs 1,000 cr via debentures

Mortgage lender HDFC plans to raise Rs 1,000 crore from debentures to fund business growth.

By: | New Delhi | Published: June 10, 2016 10:27 PM
The fund would be raised through secured redeemable non-convertible debentures, HDFC said in a statement. (Reuters) The fund would be raised through secured redeemable non-convertible debentures, HDFC said in a statement. (Reuters)

Mortgage lender HDFC plans to raise Rs 1,000 crore from debentures to fund business growth.

The fund would be raised through secured redeemable non-convertible debentures, HDFC said in a statement.

Also Read: HDFC among world’s top 10 consumer financial services company

The issue will open for subscription on June 15 and close the same day.

The object of the issue is to augment the long-term resources of the company, it said.

The debentures would carry a coupon rate of 8.46 per cent per annum, it added.

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Tags: HDFC
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