off-the-wire

India New Issue-HDB Financial to issue over 3-year bonds - traders

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, Feb 17 (Reuters) - India's HDB Financial Services plans to raise at least 2.40 billion rupees ($28.99 million) through sale of bonds maturing in three years and two months, three merchant bankers said. The non-banking financial company has invited bids from bankers and investors on Tuesday, they said.


The issue has a greenshoe option to retain an additional 12 billion rupees and will close for subscription next week. The bonds are rated AAA by CRISIL and CARE Ratings and will mature in April 2026.


($1 = 82.8000 Indian rupees) (Reporting by Dharamraj Dhutia)

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