The issue will open on February 22 and will close on the same day. With a tenure of three years and one month, the NCDs will be issued at a coupon rate of 8.7% per annum.
Housing Development Finance corporation Ltd (HDFC) has announced that it will raise Rs. 500 crore via issuance of Secured Redeemable Non-Convertible Debentures (NCDs) via private placement.
The issue will open on February 22 and will close on the same day. With a tenure of three years and one month, the NCDs will be issued at a coupon rate of 8.7% per annum.
“The objective of the issue is to augment the long-term resources of the company. The proceeds of the present issue would be utilized for financing/refinancing the housing finance business requirements of the company,” HDFC said in a statement.
The issue will open on February 22 and will close on the same day. With a tenure of three years and one month, the NCDs will be issued at a coupon rate of 8.7% per annum.
“The objective of the issue is to augment the long-term resources of the company. The proceeds of the present issue would be utilized for financing/refinancing the housing finance business requirements of the company,” HDFC said in a statement.
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