Mortgage firm HDFC Ltd today said it plans to raise about USD 750 million (around Rs 5,000 crore) through rupee denominated bonds to fund its business expansion.
HDFC Ltd has established a medium term note programme for amount of up to USD 750 million.
"...The Corporation is now contemplating subject to market conditions, undertaking an issuance of rupee denominated bonds under the said MTN programme to overseas investors," HDFC Ltd said in a regulatory filing to stock exchanges.
The terms of the bonds, including issue size, pricing and tenure, are expected to be decided on March 24, it added.
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