HDFC Bank has said that it will raise up to Rs 50,000 crore through debt securities and infrastructure bonds over the next 12 months. In a filing to the BSE, the institution said the Board has approved the issue of debt instruments, Tier-II bonds and long-term infrastructure bonds of up to Rs 50,000 crore.
Tag: HDFC
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HDFC raises Rs.500 cr via masala bonds
Mortgage lender HDFC has said that it has raised Rs.500 crore through rupee-denominated bonds from overseas investors.
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HDFC raises Rs 500 crore via masala bonds
Mortgage lender HDFC has said that it has raised Rs 500 crore through rupee-denominated bonds from overseas investors. ĆāThe corporation has completed the fourth issue of rupee denominated-bonds to overseas investors of issue size Rs 500 crore,Ćā HDFC said in a regulatory filing to stock exchanges.
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HUL sells iconic headquarters
IndiaĆĀ“s largest consumer goods company Hindustan Unilever has sold its erstwhile headquarters Lever House at Churchgate in south Mumbai to its current tenant, Housing Development Finance Corporation, for around Rs 300 crore.
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Fundamentals revisited
Most banks have shown resilience, preventing further deterioration in asset quality in the fourth quarter. The same quarter also proved to be healthy in terms of recovery for most PSU banks
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Net profit of HDFC rises 17%
Net profit of the Housing Development Finance Corporation (HDFC) rose 17.27 per cent to Rs 1,555 crore during Jan-Mar 2013 quarter on a standalone basis. The financial institution attributes the growth in profit to rising loan book and maintaining of margins. Net interest margin of the company was 4.2 per cent while the spread was 2.3 per
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Firms raise more capital through NCDs
Reports indicate that companies raised more than Rs 35,000 crore through issue of non-convertible debentures (NCDs) in 2012, which is higher than the Rs 12,753 crore garnered in the preceding year. Recently, HDFC issued Rs 250 crore NCDs with a green shoe option to raise another Rs 250 crore.The mortgage lender raised the amount to meet general corp
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Govt relaxes overseas borrowing norms
A high level committee on External Commercial BorroĆĀwings (ECB) relaxed several norms on overseas borrowings by Indian financial institutions and companies.