Reliance Home Finance to raise Rs 3,500 crore
Reliance Home Finance, is raising up to Rs 3,500 crore through its first public offer for bonds. The money raised through the offer will be used for lending, financing, repayment of loans and general corporate purposes. The issue will open on December 22 and close on January 6. Reliance Home Finance has fixed Rs 1,000 crore as the base issue size with an option to retain oversubscription. The issue, through which non-convertible debentures (NCDs) are being offered with 3-year, 5-year and 10-year tenures, offers the highest yearly interest rate fixed at 9.15% for retail and high-networth investors.
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