HDFC to raise Rs 1,035 cr via bonds on private placement

By: | Published: June 24, 2016 3:05 PM

HDFC today said it will raise Rs 1,035 crore through issuance of debentures on a private placement basis to augment its long-term capital resources.

HDFC shares were trading 1.78 per cent down at Rs 1,220.45 on BSE during the afternoon session. (Reuters)HDFC shares were trading 1.78 per cent down at Rs 1,220.45 on BSE during the afternoon session. (Reuters)

HDFC today said it will raise Rs 1,035 crore through issuance of debentures on a private placement basis to augment its long-term capital resources.

“The object of the issue is to augment 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,” it said in a regulatory filing.

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The bonds in the form of secured redeemable non- convertible debentures will carry a coupon rate of 8.5 per cent per annum.

HDFC shares were trading 1.78 per cent down at Rs 1,220.45 on BSE during the afternoon session.

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