NEW DELHI : HDFC Ltd on Tuesday said it will raise up to ₹7,000 crore by issuing bonds on private placement basis. The base issue size for the secured redeemable non-convertible debentures (NCDs) is ₹5,000 crore with option to retain oversubscription of up to ₹2,000 crore, HDFC said in a regulatory filing. The country's largest mortgage lender will offer coupon rate of 6 per cent per annum on the bonds, the issue for which opens on May 28, 2021. The bonds have a tenor of 4 years and 363 days, and the redemption date is set as May 29, 2026. Subscribe to Mint Newsletters * Enter a valid email * Thank you for subscribing to our newsletter.

Source: Mint May 25, 2021 17:37 UTC