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HDFC to raise Rs 2,000 cr via bonds in private placements tomorrow

The issue to raise Rs 2,000 crore will open tomorrow and closes the same day

Press Trust of India  |  New Delhi 

HDFC
HDFC

Mortgage lender will raise Rs 2,000 crore by issuing bonds on private placement basis to augment its long-term capital.

"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 business requirements of the Corporation," said in a filing.


The issue to raise Rs 2,000 crore will open tomorrow and closes the same day.

said the company will specifically address the persons who are eligible for the debenture issue and no other person can apply for it.

Stock of traded 0.24 per cent up at Rs 1,759.75 on BSE.

First Published: Tue, September 05 2017. 14:42 IST
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