HDFC allots 40000 unsecured redeemable non-convertible sub-ordinated debentures

The Allotment Committee — Debt Securities of Housing Development Finance Corporation Ltd at its meeting held October 21, 2014 issued and allotted 40,000 Unsecured Redeemable Non-Convertible Sub-ordinated Debentures (Debentures) of the face value of Rs. 5 lakh each for cash, aggregating to Rs. 2,000 crore, on a private placement basis. The said debentures will constitute part of Tier II capital of the Corporation. The Debentures carry an annual coupon rate of 9.60% per annum and will be redeemed fully on October 21, 2014.

The said Debentures will be listed on the Wholesale Debt Market Segment of the National Stock Exchange of India limited and BSE Ltd.

Shares of HOUSING DEVELOPMENT FINANCE CORP.LTD. was last trading in BSE at Rs.1021.35 as compared to the previous close of Rs. 1018.2. The total number of shares traded during the day was 69210 in over 2883 trades.

The stock hit an intraday high of Rs. 1024.85 and intraday low of 1006.6. The net turnover during the day was Rs. 70392679.

Source : Equity Bulls

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