The secured redeemable non-convertible debentures (NCDs) issue will have a base size of Rs 4,000 crore with an option to retain oversubscription of up to Rs 1,500 crore.
“The object of the issue is to augment the long-term resources of the Corporation,” HDFC Ltd said in a regulatory filing on Tuesday.
The bonds issue opens on November 17, 2022 and closes the same day.
The tenor of the bonds is of three years.
HDFC stock was trading at Rs 2,667.10 on the BSE, up 0.21 per cent from the previous close.
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