The latest issue comes, as the company is set to merge with HDFC Bank in the coming months. ($1 = 81.6760 Indian rupees) (Reporting by Bhakti Tambe; Editing by Sonia Cheema)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) By Bhakti Tambe
MUMBAI, April 27 (Reuters) - India's Housing
Development Finance Corp Ltd (HDFC) is likely to raise
at least 50 billion rupees ($612.17 million) through bonds
maturing in 10 years, three merchant bankers said on Thursday.
The housing financier is likely to offer a coupon of 7.80%
on this bond issue, for which it plans to invite bids from
investors and bankers next week, they said.
HDFC is yet to make an official announcement of the planned
bond sale on electronic bidding platforms and did not
immediately respond to a Reuters request for comment.
The bonds are rated AAA by CRISIL and India Ratings.
Last week, HDFC raised 30.05 billion rupees via bonds
maturing in 1 year, 10 months and eight days at a coupon of
7.79%.
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