Home » HDFC raises Rs.500 cr via masala bonds

HDFC raises Rs.500 cr via masala bonds

HDFC raises Rs.500 cr via masala bonds
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Mortgage lender HDFC has said that it has raised Rs.500 crore through rupee-denominated bonds from overseas investors.

¨The corporation has completed the fourth issue of rupee denominated-bonds to overseas investors of issue size Rs.500 crore,¨ HDFC said in a regulatory filing to stock exchanges.

The issue carried a coupon rate of 7.25 per cent per annum payable semi-annually.

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