HDFC To Raise At Least 30 Billion Rupees Through Bonds Next Week : Report


HDFC To Raise At Least 30 Billion Rupees Through Bonds Next Week : Report

HDFC is more likely to invite the coupon bids from buyers and bankers subsequent week. (File)

Mumbai:

Housing Development Finance Corp (HDFC) will return to bond market after a niche of two months, three service provider bankers stated on Friday.

The firm plans to lift no less than 30 billion rupees ($369.26 million) by means of bonds maturing in 10 years, they added. The housing financier is more likely to invite the coupon bids from buyers and bankers subsequent week and is but to make an official announcement of the difficulty on an digital bidding platform. The subject may even have a greenshoe choice to retain an extra 20 billion rupees. The bonds, rated AAA by CRISIL, may have a put possibility on the finish of the third 12 months, one of many bankers stated. In November, HDFC raised 19 billion rupees by means of bonds maturing in 10 years at an annual coupon of seven.79%.

Company officers didn’t instantly reply to an electronic mail looking for affirmation of the event.

(Except for the headline, this story has not been edited by NDTV workers and is printed from a syndicated feed.)

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