The secured, redeemable NCDs to be issued on July 27, will carry a coupon rate of 8.15 per cent per annum, HDFC said in a regulatory filing.
"The object of the issue is to augment 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," it said.
The Housing Development Finance Corporation (HDFC) said only the persons specifically addressed through a communication are eligible to apply for the debentures and no other person could apply.
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