Mumbai: Mortgage lender HDFC has raised ₹8,235 crore by the issuance of two-year bonds at a coupon price of seven.80% in a sale on Wednesday, sources stated.
The mortgage financier had deliberate a bond sale with a base dimension of ₹5,000 crore and an extra subscription choice of ₹5,000 crore.

ICICI Financial institution was the arranger for the difficulty, based on an alternate submitting by HDFC forward of the sale.

The debt problem is a part of the ₹57,000 crore fundraising plan permitted by HDFC’s board of administrators at its assembly held on March 27, 2023.

HDFC Financial institution on April 4 final yr agreed to take over the home mortgage lending large in a deal valued at about $40 billion.
In the meantime, LIC Housing Finance additionally raised funds value ₹1,500 crore by a sale of five-year bonds on Wednesday. The coupon for the bonds was set at 7.68%, sources stated.

Adblock take a look at (Why?)