India New Issue-HDFC accepts bids for 2-year bonds - bankers

Housing Development Finance

31/05/2023 08:04

MUMBAI, May 31 (Reuters) - India's Housing Development Finance Corp Ltd  HDFC.NS  has
accepted bids worth 82.35 billion rupees ($996 million) for bonds maturing in two years, three
merchant bankers said.
    The housing financier will pay a coupon of 7.80% on this bond issue.
    Last week, HDFC raised 36.35 billion rupees via bonds maturing in 10 years at a coupon of
7.65%, which had a put option at end of three years.

Below is the list of deals reported so far on May 31:
             Issuer                                                                
                         Tenure                 Issue size (in    Bidding       Rating
                                       Coupon    bln rupees)       date            
                                       (in %)                                
                                                                             
                                                                             
        HDFC              2-yr          7.80        82.35         May 31      AAA (ICRA,
                                                                               Crisil)
                      3-yr and 1 mnt      7.75               5     Jun 1      AAA (ICRA)
 Mindspace Business                                                          
     Parks REIT                                                              
                                                                             
  Shriram Finance    9-yr and 5 mnts   To be             1 + 1     Jun 1     AA+ (Crisil)
  Oct 2032 reissue                    decided                                
 
*Size includes base plus greenshoe for some issuances


($1 = 82.6750 Indian rupees)

 (Reporting by Bhakti Tambe; Editing by Varun H K)
 ((Bhakti.Tambe@thomsonreuters.com))