Question
HDFC will raise up to _____ by issuing bonds on a
private placement basis to shore up its resources with the objective of augmenting the long-term resources of the Corporation.Solution
Mortgage lender 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 over-subscription of up to Rs 5,000 crore.
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