HDFC's exit to ease fund-raising conditions for high-rated finance firms
Highly-rated finance firms and housing finance companies are expected to benefit from the absence of Housing Development Finance Corp (HDFC) from the bond market once it merges with the HDFC Bank in early FY24. Post merger, the bond market is expected to become less crowded, which will ease fund raising conditions for other players in the field. It may perhaps also compress the spread for debt instruments floated by housing finance companies (HFCs) over 10-year government bonds, subject to deman...
Ajay Manglunia Aditya Birla Development Nab National Company Law Tribunal Housing Development Finance Corp National Bank
Source: rediff.com