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Published on 1/14/2013 in the Prospect News Emerging Markets Daily.

India's HDB plans to issue Rs. 3.5 billion of non-convertible bonds

By Devika Patel

Knoxville, Tenn., Jan. 14 - HDB Financial Services Ltd. informed the Bombay Stock Exchange that it plans to approve an issue of Rs. 3.5 billion of unsecured redeemable subordinated non-convertible tier-2 bonds at a board of directors meeting on Jan. 22.

Ahmedabad, India-based HDB provides financial services.


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