The housing finance company had invited coupon and commitment bids from bankers and investors earlier in the day and has accepted bids worth 250 billion Indian rupees ($3.02 billion), they said.
The bonds are rated AAA by CRISIL and the issue will close for subscription on Friday. This is the biggest-ever privately placed bond issue by any Indian corporate, traders added.
On Wednesday, Reuters reported that long-term investors will likely absorb the sale despite the large quantum.
In January, HDFC raised 30 billion rupees through bonds
maturing in 10 years at an annual coupon of 7.69%.
The non-banking finance company has now raised an aggregate
of over 784 billion rupees through bond issuance in this
financial year, higher by more than 50% compared to what it
raised in 2021-22.
($1 = 82.6450 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
