HDFC bank plans to raise 5 bn rupees via bonds
Reuters: Mumbai, Jan 23 2013, 15:45 IST
Housing Development Finance Corp (HDFC), India's biggest mortgage lender, is planning to raise 5 billion rupees ($92.91 million) through one-year one-day bonds at 9.05 percent annual coupon, a source with direct knowledge of the deal said.
The base size of the issue is 2.5 billion rupees and Standard Chartered is the sole arranger for the bond sale, said the source.
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