Dewan Housing Finance Corporation (DHFL) has proposed to issue Non-Convertible Unsecured Subordinated Perpetual Bonds in the nature of Debentures up to an amount of Rs 500 crore on Private Placement basis, pursuant to special resolution passed by the shareholders of the company at the 33rd Annual General Meeting held on July 21, 2016.
The issue will be open on August 3, 2017 and close on the same day. The bonds are to be listed on National Stock Exchange (NSE). The bond has been assigned rating of 'AA' by CARE and 'AA+' by Brickworks Ratings.
Dewan Housing Finance Corporation (DHFL) is one of India's premier housing finance companies and is among the oldest private sector Housing Finance Companies (HFC) in India. The company was established to enable access to affordable housing finance to the lower and middle income groups in semi-urban and rural parts of India.