HDFC to secure up to Rs 7,500 cr by issuing bonds subsequent week

PTI, Fresh Delhi,

  • Apr 03 2020, 22: 05 ist
  • up to this level: Apr 03 2020, 23: 18 ist

Mortgage lender HDFC Ltd will elevate up to Rs 7,500 crore by issuing bonds on a non-public placement foundation, the firm acknowledged on Friday.

The mistaken be troubled size of non-convertible debentures (NCDs) is Rs 2,500 crore with the inexperienced shoe probability of Rs 5,000 crore.

The object of the be troubled is to elongate the long-time period resources of the lender, it acknowledged in a regulatory filing.

“The proceeds of the mutter be troubled could presumably be utilised for financing/ refinancing the housing finance commercial requirements of the corporation,” it added.

The NCDs with a chit price of seven.20 per cent will likely be start for offer on April 8 to the designated participants or entities.

Shares of HDFC Ltd on Friday closed at Rs 813.50 apiece, down 1.95 per cent from the outdated shut, on the BSE.

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