HDFC Plans to Raise at Least 5 Bln Rupees via Bonds - The New Indian Express

HDFC Plans to Raise at Least 5 Bln Rupees via Bonds

Published: 13th March 2014 01:26 PM

Last Updated: 13th March 2014 01:26 PM

Housing Development Finance Corp, India's biggest mortgage lender, is planning to raise at least 5 billion rupees ($81.74 million) through three-year bonds with a put option at the end of 13th month at 9.70 percent, two sources with direct knowledge of the matter said.

ICICI Bank and Yes Bank are the arrangers to the bond sale, said the sources.

Pay-in for the bond issue is scheduled for March 18.

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