The issue, set to close on the same date (June 15), will offer coupon rate of 7.25 per cent per annum payable annually. The date of redemption is June 17, 2030.
The coupon on the bonds, to be maturing in December 2021, has been fixed at 7.06 percent per annum.
The object of the issue is to augment the long-term resources of the lender, it said in a regulatory filing.
The rate cut by lenders come despite the RBI keeping its benchmark repo rate unchanged at 5.15 per cent in December monetary policy review.
The issue size of the bond issue is Rs 3,000 crore with an option to retain oversubscription up to Rs 2,000 crore.
Trends on SGX Nifty indicate a flat opening for the index in India with a 1.5 points, or 0.01 percent, gain
Shares of HDFRs 2,411.20 apiece on the BSE, down 0.46 per cent as compared with the previous close closed at. Mortgage lender HDFC Ltd will raise up to Rs 2,500 crore by issuing bonds on a private placement basis.
Credit Suisse expects narrow market performance to continue for now, as economic uncertainty continues to push funds into the “safe” stocks
Our preferred strategy is to buy on dips near important support levels of 12000-11900, and we expect metal, pharma, banking, real estate, and housing finance sectors are likely to perform well in the coming weeks,
The changes will allow state-run banks to purchase pooled assets from financially sound NBFCs and HFCs.
Experts are of the view that the long-term potential of HDFC is intact. The stock is a must for investors looking at companies that can deliver growth without compromising safety.
The merger was part of the stake dilution exercise to meet the Reserve Bank of India's (RBI) stipulation.
The Nifty Services Sector index has formed a head & shoulders pattern at the top of the rally, but it is still 5 percent away from the neckline support.
Trends on SGX Nifty indicate a positive opening for the broader index in India, with 0.32 percent gain or 35.5 points. Nifty futures were trading around 11,125-level on the Singaporean Exchange.
HDFC said the company collects the amount due from the developers upfront as a precautionary measure.
The company has approved Rs 22,136 crore of home loans under CLSS to homebuyers belonging to the economically weaker section (EWS), low income group (LIG) and middle income groups (MIG), HDFC said.
Trends on SGX Nifty indicate a gap up opening for the broader index in India, a jump of 242 points or 2.12 percent. Nifty futures were trading around 11,677-level on the Singaporean Exchange.
Trends on SGX Nifty indicate a positive opening for the broader index in India, a rise of 15.5 points or 0.14 percent. Nifty futures were trading around 11,177-level on the Singaporean Exchange.
After choking on bear grip for nine straight sessions, the bulls got some breathing space on may 14
Most brokerage firms have maintained their rating on HDFC after it posted its Q4 numbers
Contra traders should look for short selling opportunity around 11,750/11,760 with a final stop loss at 11,810
Gruh Finance, the affordable housing finance arm of HDFC Ltd, was taken over by Bandhan Bank in a share-swap deal in January.
The secured redeemable non-convertible debentures with an issue size of Rs 2,000 crore has an option to retain oversubscription up to Rs 3,000 crore, it said in a regulatory filing.
The Delhi High Court has already granted a status quo over sale of assets by RHC Holding.
Trends on SGX Nifty indicate a negative opening for the broader index in India, a fall of 97 points or 0.95 percent. Nifty futures were trading around 10,140- level on the Singaporean Exchange.