MUMBAI, April 11 (Reuters) - India's HDB Financial
Services plans to raise at least 10 billion rupees ($121.86
million) through two bonds, one through reissue of 7.49% January
2025 bonds and other through May 2025 bonds, three merchant
bankers said on Tuesday.
The company invited bids for both the bond issuances from
investors and bankers on Thursday, they said.
The reissue of bonds maturing in January 2025 has a base
size of 5 billion rupees and a greenshoe option to retain an
additional subscription of 8 billion rupees.
Separately, May 2025 bond issue has a base size of 5 billion
rupees and a greenshoe of 10 billion rupees.
Bonds are rated AAA by CARE and the issue will be settled
next week.
In March, HDB Financial Services raised 10.30 billion rupees
through bonds maturing in three years and one month, and
zero-coupon bonds maturing in five years.
($1 = 82.0630 Indian rupees)
(Reporting by Bhakti Tambe)
