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HDFC to raise Rs 1,000 crore for refinancing needs

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Press Trust of India  |  New Delhi 

Mortgage lender HDFC Ltd on Thursday said it will raise Rs 1,000 crore by issuing non-convertible debentures, to cater to its housing finance business needs. Housing Finance Development Corporation (HDFC) will issue secured redeemable non-convertible debentures on a private placement basis to raise the amount of Rs 1,000 crore. “The object of the issue is to augment the 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,” HDFC said in a BSE ...

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