HDFC to raise Rs500 crore through bonds
25 Oct 2007
1
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.
