MUMBAI, April 17 (Reuters) - India's HDB Financial
Services has accepted bids worth an aggregate of 28 billion
Indian rupees ($341.88 million) for reissue of 7.49% January
2025 bonds and others through May 2025 bonds, three merchant
bankers said on Tuesday.
The company has accepted bids worth 13 billion rupees on the
reissue and will offer a yield of 8.0370%, while it has accepted
bids worth 15 billion rupees on the shorter tenor note and will
offer a yield of 8.04%.
It had invited bids for both the bond issuances from
investors and bankers on Thursday, and the issues will be
settled later in the day.
The bonds are rated AAA by CARE Ratings.
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 = 81.9010 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
