HDFC to raise ₹7,000 crore via private placement of bonds

Mandeep Sethi 26 May 2021 117

HDFC Ltd on Tuesday said it will raise up to Rs 7,000 crore by issuing bonds on private placement basis...

Mortgage lender HDFC has said it will raise up to ₹7,000 crore by issuing bonds on a private placement basis. The base issue size for the secured redeemable non-convertible debentures (NCDs) is ₹5,000 crore with the option to retain oversubscription of up to ₹2,000 crore, HDFC said. It will offer a coupon rate of 6% per annum on the bonds.

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Tags: HDFC Bank,
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