Mumbai : In two highly successful offerings, mortgage giant HDFC Ltd has raised Rs 5,000 crore from low- cost non convertible debentures (NCDs) and a further amount of about Rs 5,400 crore would come in from warrants, both of which got listed with a huge premium on Tuesday. HDFC Vice Chairman and CEO Keki Mistry said money raised through NCD issue will be deployed for regular lending purposes while the conversion of warrants will beef-up the capital, which is currently at “reasonably comfortable” levels in the future.
The NCDs were offered at a coupon rate of 1.43 per cent, but were trading at 8.54 per cent in debut trade on Tuesday.
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