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HDFC raises Rs 500 cr through 4th issue of masala bonds

The corporation has raised a total of Rs 5,000 cr through issuance of rupee-denominated bonds in four tranches

Press Trust of India  |  Mumbai 

HDFC Bank branch office in Mumbai

Largest mortgage lender Corporation (HDFC) has raised another Rs 500 crore by issuing rupee-denominated to overseas investors, taking the tally to Rs 5,000 crore so far.

“With reference to the earlier letter dated October 12, 2016, informing about the opening of the fourth issue of rupee-denominated bonds to overseas investors, aggregating an amount up to Rs 500 crore,” it said in a filing.


“In this connection, Corporation has now informed that the corporation has closed the said issue on October 14, 2016...” The issue carries a coupon rate of 7.25 per cent per annum payable semi-annually. The bonds will mature on January 9, 2020, said.

The corporation has raised a total of Rs 5,000 crore through issuance of rupee-denominated bonds in four tranches.

The are instruments through which Indian entities can raise funds by accessing overseas capital markets while bond investors hold the currency risk.

will use the issue proceeds for the housing business as well as general corporate purposes. The stock closed at Rs 1,319.20, down 1.44 per cent, over Thursday.

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HDFC raises Rs 500 cr through 4th issue of masala bonds

The corporation has raised a total of Rs 5,000 cr through issuance of rupee-denominated bonds in four tranches

The corporation has raised a total of Rs 5,000 cr through issuance of rupee-denominated bonds in four tranches
Largest mortgage lender Corporation (HDFC) has raised another Rs 500 crore by issuing rupee-denominated to overseas investors, taking the tally to Rs 5,000 crore so far.

“With reference to the earlier letter dated October 12, 2016, informing about the opening of the fourth issue of rupee-denominated bonds to overseas investors, aggregating an amount up to Rs 500 crore,” it said in a filing.

“In this connection, Corporation has now informed that the corporation has closed the said issue on October 14, 2016...” The issue carries a coupon rate of 7.25 per cent per annum payable semi-annually. The bonds will mature on January 9, 2020, said.

The corporation has raised a total of Rs 5,000 crore through issuance of rupee-denominated bonds in four tranches.

The are instruments through which Indian entities can raise funds by accessing overseas capital markets while bond investors hold the currency risk.

will use the issue proceeds for the housing business as well as general corporate purposes. The stock closed at Rs 1,319.20, down 1.44 per cent, over Thursday.
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Business Standard
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HDFC raises Rs 500 cr through 4th issue of masala bonds

The corporation has raised a total of Rs 5,000 cr through issuance of rupee-denominated bonds in four tranches

Largest mortgage lender Corporation (HDFC) has raised another Rs 500 crore by issuing rupee-denominated to overseas investors, taking the tally to Rs 5,000 crore so far.

“With reference to the earlier letter dated October 12, 2016, informing about the opening of the fourth issue of rupee-denominated bonds to overseas investors, aggregating an amount up to Rs 500 crore,” it said in a filing.

“In this connection, Corporation has now informed that the corporation has closed the said issue on October 14, 2016...” The issue carries a coupon rate of 7.25 per cent per annum payable semi-annually. The bonds will mature on January 9, 2020, said.

The corporation has raised a total of Rs 5,000 crore through issuance of rupee-denominated bonds in four tranches.

The are instruments through which Indian entities can raise funds by accessing overseas capital markets while bond investors hold the currency risk.

will use the issue proceeds for the housing business as well as general corporate purposes. The stock closed at Rs 1,319.20, down 1.44 per cent, over Thursday.

image
Business Standard
177 22

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