India New Issue-HDB Financial to issue over 3-year bonds - traders

CARE Ratings

17/02/2023 13:54

MUMBAI, Feb 17 (Reuters) - India's HDB Financial
Services plans to raise at least 2.40 billion rupees ($28.99
million) through sale of bonds maturing in three years and two
months, three merchant bankers said.
    The non-banking financial company has invited bids from
bankers and investors on Tuesday, they said. 
    The issue has a greenshoe option to retain an additional 12
billion rupees and will close for subscription next week.
    The bonds are rated AAA by CRISIL and CARE Ratings and will
mature in April 2026. 
     ($1 = 82.8000 Indian rupees)
 (Reporting by Dharamraj Dhutia)
 ((Dharamraj.dhutia@tr.com))