Insurance 18-Jun-22
HDFC Life Insurance to raise debt capital of up to Rs 350 crore through bonds
HDFC Life Insurance Company on Friday said it will raise debt capital of up to Rs 350 crore by issuing bonds on a private placement basis.
The Capital Raising Committee of the company's board approved a proposal for raising up to Rs 350 crore through issuance of 3,500 non-convertible debentures, HDFC Life said in a regulatory filing.
The bonds will carry a coupon rate of 8.20 percent per annum, the company said.
The bonds will be listed on the wholesale debt market segment of the NSE, it said.
Shares of HDFC Life were trading at Rs 550 on BSE, down 3.69 percent from the previous close.
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