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HDFC to raise Rs 1,498cr to shore up long term capital

HDFC to raise Rs 1,498cr to shore up long term capital

Wednesday, March 22, 2017, 9:15 PM

Mortgage lender HDFC Ltd today said it will raise Rs 1,498 crore by issuing debentures on Friday with a view to augment its long term capital. The bonds, in nature of secured redeemable non-convertible debentures, will bear coupon rate of 7.78% per annum. HDFC said only those persons who are specifically addressed through communication are eligible for debentures and no other person can apply.
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