HDFC planned to raise over Rs 5,000 crore through bonds

Mortgage specialist Housing Development Finance Corporation Ltd (HDFC) announced that over Rs 5,000 crore will be raised by issuing bonds on a basis of a private placement. The value of the secured redeemable Non-Convertible Debentures (NCDs) is expected to be Rs 2,500 crore. HDFC Ltd also said in a regulatory filing that they provide a retaining oversubscription of up to Rs 2,500 crore.