HDFC to raise ~2,000 crore via bonds today

Mortgage lender HDFC will raise ~2,000 cr ore 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 b eu til is ed for financing/ refinancing the housing finance business requirements of the Corpora ti on, "HDFC said ina filing. The issue to raise ~2,000 cr ore will open on Wednesday and closest he 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 percent up at ~1,759.75 on B SE.