Question
HDFC will raise up to _____ by issuing bonds on a
private placement basis to shore up its resources with the aim to augment the long-term resources of the Corporation.Solution
HDFC will raise up to Rs 8,000 crore by issuing bonds on a private placement basis to shore up its resources. The unsecured redeemable non-convertible debentures (NCDs) issue will have a base size of Rs 3,000 crore with an option to retain an over-subscription of up to Rs 5,000 crore.The object of the issue is to augment the long-term resources of the Corporation.
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