HDFC To Raise Rs 5,000 Cr By Issuing Bonds

The redemption date of the bonds, carrying a coupon of 4.95 per cent to be paid annually, is September 9, 2022. “The object of the issue is to augment the long-term resources of the Corporation. The proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements of the Corporation,” it said in the filing.

HDFC stock closed 2.19 per cent down at Rs 1,770 apiece on BSE.

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