“The object of the issue is to augment the long-term resources of the Corporation. The proceeds of the present issue would be utilised for financing/refinancing the housing finance business requirements of the Corporation,” HDFC said in a regulatory filing.
The bonds, rated AAA by Crisil and ICRA, carry coupon rate of 7.05 per cent per annum.
The 10-year tenure bonds will be open for subscription to the eligible investors on November 29 and closes on the same date.
HDFC shares closed 0.33 per cent down at Rs 2,870.95 apiece on BSE.