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BSE   21 Aug 18 | 03:09 PM

1911.10 -8.95 (-0.47%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: 500010
Face Value: N.A.

NSE   21 Aug 18 | 02:59 PM

1914.40 -5.65 (-0.29%)
Mkt Price (Rs)   Chg Rs (Chg %)
Code: HDFC
1 Week : Rs 1,941.65 (-1.57%)
1 Month : Rs 1,975.20 (-3.25%)
1 Year : Rs 1,738.90 (9.90%)
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HDFC to raise Rs 500 cr through NCDs; issue to open on May 19

Press Trust of India / New Delhi 18 May 17 | 10:23 AM

Mortgage lender HDFC Ltd on Wednesday said it proposes to raise Rs 500 crore through non-convertible debentures (NCDs) to fund business growth.

The bonds, in nature of secured redeemable non-convertible debentures, will bear coupon rate of 7.67 per cent per annum.

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"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," HDFC said in a regulatory filing.

The tenor of the bonds is three years.

The issue to be opened on May 19 would be listed on the BSE and NSE.

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