Housing Development Finance Corporation (HDFC), on Tuesday, said it plans to raise ₹2,000 crore via private placement of secured non-convertible debentures (NCDs). The NCD issuance also has an option to retain oversubscription of ₹3,000 crore. The NCDs, which have a ₹10 lakh face value, have a tenor of 10 years and carry a coupon rate of 7.40 per cent per annum, which is payable annually. The issue opens and closes on February 27. HDFC said the object of the issue is to augment its long-term resources.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.