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HOUSING DEVELOPMENT FINANCE CORP.LTD. - Outcome of Allotment Committee Meeting
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21 Oct 2014
Housing Development Finance Corporation Ltd has informed BSE that the Allotment Committee Debt Securities of the Corporation 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, 2024.&lt;br/&gt;&lt;br/&gt;Further the Company inform that the said Debentures will be listed on the Wholesale Debt Market Segment of the National Stock Exchange of India limited and BSE Ltd.
View all announcements for HOUSING DEVELOPMENT FINANCE CORP.LTD. Source: BSE India