India New Issue-HDFC accepts bids for 5-year bonds - bankers

Housing Development Finance

15/05/2023 09:27

MUMBAI, May 15 (Reuters) - India's Housing Development
Finance Corp  HDFC.NS  has accepted bids worth 30 billion rupees
($366.84 million) through bonds maturing in five years, three
bankers said on Monday. 
    The housing finance company will pay a coupon of 7.70% on
this bond issue, for which it had invited bids from investors
and bankers earlier in the day. 
    The bonds are rated AAA by CRISIL and ICRA, and the issue
will be settled on Tuesday.
    In April, the company raised 150 billion rupees via 10-year
bonds at a coupon of 7.80%.

    ($1 = 81.7800 Indian rupees)

 (Reporting by Bhakti Tambe)
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