India’s Housing Development to issue up to Rs. 5 billion of bonds

By Tali Rackner

Norfolk, Va., Aug. 31 – Housing Development Finance Corp. Ltd. informed the Bombay Stock Exchange that it plans to issue up to Rs. 5 billion of bonds to overseas investors.

The issue opened Wednesday and will close on Thursday, according to a term sheet.

The notes will be listed on the London Stock Exchange.

The Mumbai-based issuer provides housing finance to individuals and lease finance facilities to the corporate sector for plant and machinery, energy generation and other assets.

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