The issue will open on Monday and close the same day.
"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", HDFC said in a regulatory filing.
The money will be raised by issuing secured redeemable non-convertible debentures (NCDs) only to the persons specifically addressed through a communication, HDFC said.
No other person can apply for the issue, it added.
HDFC scrips closed 0.32 per cent up at Rs 1,167.60 apiece on BSE today.
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