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HDFC to raise Rs 2,500 cr via bonds to boost housing finance business

The issue will open for subscription on October 17 and closes the same day

Press Trust of India  |  New Delhi 

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The country's largest mortgage lender Ltd will raise Rs 2,500 crore by issuing bonds on private placement basis to augment its business.

The security '7.40 per cent HDFC, 17 November 2020' are secured redeemable non-convertible debentures.


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

The issue will open for subscription on October 17 and closes the same day.

The bonds are rated AAA by and ICRA, reflecting the an exceptional degree of creditworthiness.

shares closed 0.32 per cent up at Rs 1750.25 on today.

First Published: Wed, October 11 2017. 19:25 IST
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