HDFC plans Rs 15,000-crore bond issue
The bonds, which will mature on May 3, 2033, are rated AAA by Crisil and ICRA, the housing financier said. The debt sale is part of the ₹57,000-crore fund-raising plan approved by HDFC's board on March 27, 2023.
By ET Bureau | Updated:
Agencies
Mumbai: Housing Development Finance Corporation (HDFC) is set to issue 10-year non-convertible debentures up to a total of ₹15,000 crore on May 2. The issuessize is ₹11,000 crore with an option to retain additional subscription of ₹4,000 crore, HDFC informed exchanges on Thursday.
"The coupon is likely to be around 7.80% for HDFC's 10-year bond sale. It could possibly be lower at 7.75%," a treasury executive said.
The bonds, which will mature on May 3, 2033, are rated AAA by Crisil and ICRA, the housing financier said. The debt sale is part of the ₹57,000-crore fund-raising plan approved by HDFC's board on March 27, 2023.
"The coupon is likely to be around 7.80% for HDFC's 10-year bond sale. It could possibly be lower at 7.75%," a treasury executive said.
The bonds, which will mature on May 3, 2033, are rated AAA by Crisil and ICRA, the housing financier said. The debt sale is part of the ₹57,000-crore fund-raising plan approved by HDFC's board on March 27, 2023.
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