DLF plans to raise up to Rs 500 cr through issue of NCDs SECTIONS Share Synopsis The board has approved the issuance of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) at a coupon rate of 8.25% per annum. Getty Images Thr company is also restructuring existing loans with a target of saving Rs 300 crore annually, taking advantage of the benign interest rate environment. Related NSE DLF said it plans to raise Rs 500 crore through issue of non-convertible debentures (NCDs). “The board has approved the issuance of Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) at a coupon rate of 8.25% per annum with an aggregate principal amount of up to Rs500 crores on a private placement basis, in one or more tranches to certain eligible investors permitted to invest in the NCDs under the applicable laws,” it said in a stock exchange filing.