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HDFC to raise Rs 2,000 Crore via debentures

HDFC to raise Rs 2,000 Crore via debentures

Thursday, March 9, 2017, 11:13 AM

Mortgage lender HDFC Ltd will raise Rs 2,000 crore on private placement basis by issuing NCDs to shore up its long-term capital. HDFC will issue secured redeemable non-convertible debentures on March 14 to raise the sum, it said in a regulatory filing. The debentures will fetch investors yield of 7.45% per annum. They will be up for redemption on June 14, 2018.
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