Mortgage lender HDFC ltd will raise Rs 1,500 crore through issuance of bonds on a private placement basis next week.
“The object of the issue is to augment long-term resources of the corporation. The proceeds of the present issue would be utilised for financing and refinancing the housing finance business requirements of the corporation,” HDFC said in a regulatory filing. The Housing Development Finance Corporation (HDFC), the largest mortgage firm in the country, regularly raises money through this method.