More News
RETAIL INVESTMENT | Cesar Tordesillas, India

India's HDFC doubles 5-yr bond issue to $89M

India's Housing Development Finance Corp more than doubled its five-year bond issue size to at least 5 billion rupees or $89.46 million.

The mortgage lender, however, has kept the pricing unchanged at 9.70 percent for the issue, which has a greenshoe option of 2.5 billion rupees, said the sources.

"The bond is seeing commitments from mutual funds and insurers, so we have increased the issue size," a company source said.

The issuer had initially aimed to raise a minimum 2 billion rupees. ICICI Bank is the sole arranger.

For more.

Do you know more about this story? Contact us anonymously through this link.

Click here to learn about advertising, content sponsorship, events & rountables, custom media solutions, whitepaper writing, sales leads or eDM opportunities with us.

To get a media kit and information on advertising or sponsoring click here.