DHFL public issue secures NCDs

Kolkata, Aug 26 (PTI) For the second time in the currentfinancial year, Dewan Housing Finance Limited (DHFL) ishitting the market with a public issue of NCDs aimed atmopping up Rs 10,000 crore for its operations. With an issue size of Rs 2,000 crore, the company canretain over-subscription of up to Rs 8,000 crore, CFO of DHFLSantosh Sharma said. He said the proceeds of the issue would be utilised forborrowing purposes and to retire partially high-cost bankdebt. Unlike the first issue, the proposed offering wouldprovide returns annually to the investor and not quarterly orhalf-yearly, Sharma said. The options for investing periods are three years, fiveyears and seven years with interest rates ranging from 9.05per cent to 9.25 per cent. The proposed offering would be the last one this fiscal,Sharma added. PTI DC DKBANU