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Mumbai: Housing Development
Finance Corp Ltd will raise Rs500 crore through a bond issue, merchant banking
sources familiar with the developments said. They
said the housing finance major will issue three-year bonds with a coupon of 8.95
per
cent payable annually. The issue will open and close on October 29, a day before
the Reserve Bank''s monetary policy review, they said. The
issue will have a greenshoe option of Rs250 crore, they said.
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