New Delhi: HDFC on Friday said it will raise Rs 1,035 crore through issuance of debentures on a private placement basis to augment its long-term capital resources.
“The object of the issue is to augment 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,” it said in a regulatory filing.
The bonds in the form of secured redeemable non-convertible debentures will carry a coupon rate of 8.5 per cent per annum.
HDFC shares were trading 1.78 per cent down at Rs 1,220.45 on BSE during the afternoon session.
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Story first published on: June 24, 2016 14:42 (IST)
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