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HDFC raises USD 504 mn via rupee denominated bonds

HDFC raises USD 504 mn via rupee denominated bonds

Saturday, March 25, 2017, 7:59 AM

Mortgage firm HDFC Ltd today raised about USD 504 million through rupee denominated bonds to fund its business expansion. This is the largest issuance of masala bonds out of India, HDFC said in a regulatory filing on stock exchanges. Under the Medium Term Note programme, the Corporation earlier today launched an issue of Rs.2,000 crore (USD 306 million) plus a green-shoe option, it said.
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