MUMBAI, April 19 (Reuters) - India's Housing Development
Finance Corp Ltd (HDFC) is planning to raise at least
20 billion rupees ($243.5 million)through bonds maturing in 1
year and 11 months, three merchant bankers said on Wednesday.
The housing financier has invited bids from investors and
bankers for the issue on Friday.
The issue also has a greenshoe option to retain an
oversubscription of up to 50 billion rupees.
The bonds are rated AAA by Crisil and India Ratings and the
issue will be settled on Monday.
ICICI Bank is the sole arranger to the issue.
On Tuesday, Reuters reported HDFC is planning to raise at
least 20 billion rupees via bonds maturing in 1 year and 11
months and is likely to invite bids by the end of this week.
In February, HDFC raised 250 billion rupees through bonds
maturing in 10 years at a coupon of 7.97%.
($1 = 82.1440 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Varun H K)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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