"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", it said in a regulatory filing.
The issue of the non-convertible debentures (NCDs) to be on a private placement basis will open for a day on May 6.
The NCDs carry coupon rate of 8.34 per cent.
ICICI Bank and SBI Capital Markets are the arrangers to the issue.
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