trending Market Intelligence /marketintelligence/en/news-insights/trending/UKTiZPDbJLklPpyCwi65LQ2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

HDFC to raise 13.6B rupees in debenture issue

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

HDFC to raise 13.6B rupees in debenture issue

HousingDevelopment Finance Corp. Ltd. will raise 13.60 billion Indianrupees from the issuance of secured debentures via a private placement.

The company said May 6 that the debentures were priced witha coupon of 8.38%. The debentures have a tenor of 1 year and 10 months.

Proceeds from the issuance will be used to boost thelong-term resources of the company, as well as for financing and refinancingthe housing finance business requirements of HDFC.

The issue will open May 9 and close the same day.

As of May 5, US$1 wasequivalent to 66.56 Indian rupees.