The company has issued debentures worth Rs2,500 crore.
The objective of the issue is to expand the long-term resources of the company. The proceeds of the present issue would be utilized for financing/refinancing the housing finance business requirements of the Corporation.
The coupon rate applicable to the issue will be 7.77% p.a.
The issue is for a period of 4 years 11 months 10 days, and therefore, becomes redeemable on June 28, 2027.
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