HDFC raises Rs 4,000 cr via 21-month paper, attracts bids of over Rs 70K cr

As the quarter draws to a close, fund raising by corporates and finance firms from the bond market is on the rise.

Companies, including HDFC, Tata Capital Financial Services, LIC Housing Finance and Haldia Petrochem raised over Rs 6,000 crore on Wednesday.

Finance firms, including Aditya Birla Finance, Bajaj Finance and L&T Finance plan to mop up around Rs 6,000 crore on June 30 through bonds of various maturities.

There is a rush to raise funds at the end of the quarter, said bond dealers.

HDFC, which is slated to merge with HDFC Bank, raised Rs 4,000 crore through a