HDFC Life plans to issue a debt of 350 rupees

HDFC Life Insurance Company said on Friday it would raise up to 350 rupees in debt by issuing bonds on a private placement basis. The fundraising committee on board the company approved a proposal to raise up to 350 crore rupees by issuing 3,500 non-convertible bonds, HDFC Life Insurance claims in regulatory documentation.

The insurance company said the bonds would have a coupon rate of 8.20% per year. The bonds will be listed on the wholesale segment of NSE debt, the statement said. Shares of HDFC Life Insurance closed at ₹ 550 on the BSE, down 3.48% from the previous close.

Posted on

June 17, 2022

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