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Housing Development Finance to Raise Up To $402 Million from Bond Issuance

Housing Development Finance (HDFC, BOM:500010) plans to raise up to 30 billion Indian rupees ($402 million) through the issue of nonconvertible debentures on a private placement basis, according to a Tuesday night filing.

The issue size of the offer is 20 billion rupees with an option to retain oversubscription of 10 billion rupees.

The secured, redeemable, nonconvertible debentures carry a coupon rate of 5.90% and will be redeemed on Feb. 25, 2025.

Price (INR): ₹2453.95, Change: ₹+17.15, Percent Change: +0.70%

Source: 05:09 Feb 23, 2022 MT Newswires

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