Business Standard

HDFC raises Rs 4,000 cr via 21-month paper, attracts bids of over Rs 70K cr

Companies, including HDFC, Tata Capital Financial Services, LIC Housing Finance and Haldia Petrochem raised over Rs 6,000 crore on Wednesday

HDFC
Premium

Photo: Bloomberg

Abhijit Lele Mumbai
As the quarter draws to a close, fund raising by corporates and finance firms from the bond market is on the rise.

Companies, including HDFC, Tata Capital Financial Services, LIC Housing Finance and Haldia Petrochem raised over Rs 6,000 crore on Wednesday.

Finance firms, including Aditya Birla Finance, Bajaj Finance and L&T Finance plan to mop up around Rs 6,000 crore on June 30 through bonds of various maturities.

There is a rush to raise funds at the end of the quarter, said bond dealers.

HDFC, which is slated to merge with HDFC Bank, raised Rs 4,000 crore through a

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jun 29 2022 | 9:58 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com