new delhi hdfc ltd on friday said it will issue nonconvertible debentures ncds on a private placement basis to raise rs 2000 crorethe secured redeemable ncds to be issued on july 27 will carry a coupon rate of 815 per cent per annum hdfc said in a regulatory filingthe object of the issue is to augment longterm resources of the corporation the proceeds of the present issue would be utilized for financingrefinancing the housing finance business requirements of the corporation it saidthe housing development finance corporation hdfc said only the persons specifically addressed through a communication are eligible to apply for the debentures and no other person could applystock of the company was trading 135 per cent higher at rs 135000 on bse in preclose session