The bonds will offer coupon at 6.43 per cent per annum to be payable annually on September 29 every year up to redemption date of September 29, 2025.
The bids for the NCDs will open for subscription on September 25 and close on the same day.
In a separate filing, HDFC said the board has approved allotting more than 17 lakh shares to a director and employees of the corporation.
"The Allotment Committee of the corporation at its meeting held today ie., September 23, 2020, approved allotment of 17,64,998 equity shares of Rs 2 each of the Corporation... pursuant to exercise of stock options by certain director and employees of the corporation," it said.
Post the allotment, the paid-up share capital of the corporation will be Rs 359,16,11,864 consisting of 179,58,05,932 equity shares of Rs 2 each.
Shares of HDFC closed at Rs 1667.10 apiece on BSE, down 0.51 per cent from previous close.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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