Housing Development Finance Corporation to raise funds via NCD issue

Housing Development Finance Corporation announced that it is raising Rs 2500 crore with option to retain oversubscription of Rs 2500 crore through issue of Senior Secured Redeemable Non Convertible Debentures of Rs 10 lakh each on private placement basis.

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 requirement of the corporation. The issue opens and closes on 21 November 2019.

The NCDs will be listed on BSE and NSE.

The issue has been rated CRISIL AAA and ICRA AAA.

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