India’s premier housing finance entity, HDFC is likely to raise Rs 250 crore through non-convertible debentures (NCD) issue with a green shoe option at 9.8% annual coupon rate. The company is raising this fund to meet general corporate need. Standard Chartered Bank is the arranger of the issue. Further, the Rating agencies like Crisil and ICRA have assigned ‘AAA’ rating, which indicates highest safety.
Housing Development Finance Corporation (HDFC) is India’s premier housing finance entity in existence for over 35 years. With a presence in banking, insurance and asset management, the HDFC group is an important part of the Indian financial services.
Housing Development Finance Corporation (HDFC) is India’s premier housing finance entity in existence for over 35 years. With a presence in banking, insurance and asset management, the HDFC group is an important part of the Indian financial services.
No comments:
Post a Comment