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Dewan Housing plans to raise Rs 2,000 crore by NCDs

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New Delhi: Dewan Housing Finance Corporation today said it plans to raise up to Rs 2,000 crore by issuing bonds on a private placement basis. The company proposes to issue secured redeemable non-convertible debentures amounting to Rs 1,000 crore plus a greenshoe option of up to Rs 1,000 crore on private placement basis, the company said in a regulatory filing. The issue will open and close on August 30.

The tenure of the bonds is four years. Dewan Housing said it will list the bonds on BSE.

The bonds are rated AAA by Care Rating. Shares of the company closed 0.27 per cent down at Rs 657.70 per unit on BSE.




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