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

Housing Development Finance

30/05/2023 03:32

MUMBAI, May 30 (Reuters) - India's Housing Development Finance Corp Ltd  HDFC.NS  plans
to raise at least 50 billion rupees ($605.6 million) through sale of bonds maturing in two
years, three merchant bankers said.
    It has invited bids from bankers and investors on Wednesday. Last week, HDFC raised 36.35
billion rupees via bonds maturing in 10 years at a coupon of 7.65%, and this issue will have a
put option at end of three years.
    
Below is the list of deals reported so far on May 30:
                                                                                  Rating
   Issuer   Tenure        Coupon (in %)  Issue size (in  Bidding      
                                         bln rupees)     date         
                                                                      
 HDFC               2-yr  To be decided         50 + 50  May 31       AAA (ICRA, Crisil)
 
*Size includes base plus greenshoe for some issuances

($1 = 82.5605 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Varun H K)
 ((Dharamraj.dhutia@tr.com))