The company will pay an annual coupon of 8.25% on the issue
and it has invited bids from bankers and investors on Tuesday,
they said.
The bonds are rated AAA by CRISIL and CARE Ratings and will
be settled next week.
In January, HDFC Credila raised 2 billion rupees through
perpetual bonds at an annual coupon of 8.15%, and this issue had
call option at end of 10 years.
($1 = 82.3780 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Anil D'Silva
)
MUMBAI, March 24 (Reuters) - India's HDFC Credila
Financial Services plans to raise 3 billion Indian rupees
($36.42 million) selling bonds maturing in five years, three
merchant bankers said on Friday.
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