HDFC to raise Rs 35,000 crore via bonds

Housing Development Finance Corp (HDFC) said that the board of directors has approved issuance of non-convertible debentures (NCD) valuing up to Rs 35,000 via private placement.

It said in a statement, “Board approved issuance of secured redeemable non-convertible debentures (NCDs) aggregating up to Rs 35,000 crore on a private placement basis under a Shelf Disclosure Document in terms of the Sebi (issue and listing of debt securities) regulations, 2008.”

The housing finance service provider reported standalone net profit of Rs 1701.21 crore in Q3, a rise of 11.88% from Rs 1520.51 crore in the corresponding period of the previous year.