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  Business   Companies  05 Sep 2017  HDFC to raise Rs 2,000 crore via bonds for its housing business

HDFC to raise Rs 2,000 crore via bonds for its housing business

PTI
Published : Sep 5, 2017, 1:54 pm IST
Updated : Sep 5, 2017, 1:54 pm IST

The issue to raise Rs 2,000 crore will open on Wednesday and closes the same day.

HDFC will raise Rs 2,000 crore by issuing bonds on private placement basis to augment its long-term capital.
 HDFC will raise Rs 2,000 crore by issuing bonds on private placement basis to augment its long-term capital.

New Delhi: Mortgage lender HDFC will raise Rs 2,000 crore by issuing bonds on private placement basis to augment its long-term capital.

"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 filing.

 

The issue to raise Rs 2,000 crore will open on Wednesday and closes the same day.

HDFC said the company will specifically address the persons who are eligible for the debenture issue and no other person can apply for it.

Stock of HDFC traded 0.24 per cent up at Rs 1,759.75 on BSE.

Tags: hdfc, hdfc bank
Location: India, Maharashtra, Mumbai (Bombay)