MUMBAI, Feb 14 (Reuters) - India's Housing Development
Finance Corp plans to raise at least 50 billion rupees
($603.40 million) through the sale of bonds maturing in 10
years, three merchant bankers said on Tuesday.
The housing finance company has invited coupon and
commitment bids from bankers and investors between 9:30 a.m. IST
and 10:30 a.m. IST on Thursday, they said.
The bonds are rated AAA by CRISIL and the issue will close
for subscription on Friday.
The issue has a greenshoe option to retain an additional 200
billion rupees.
In January, HDFC raised 30 billion rupees through bonds
maturing in 10 years at an annual coupon of 7.69%.
($1 = 82.8640 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
