New Enroll in RBI Grade B New Batch - Starts on May 21

    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.
    A Rs.8000 crore Correct Answer Incorrect Answer
    B Rs.6000 crore Correct Answer Incorrect Answer
    C Rs.4500 crore Correct Answer Incorrect Answer
    D Rs.3200 crore Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    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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