Business Standard

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.

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