By Wendy Van Sickle
Columbus, Ohio, Oct. 6 – India’s Housing Development Finance Corp. Ltd. priced Rs. 15 billion of 7½% secured redeemable debentures due 2018.
The notes were sold at par of Rs. 10 million each in a private placement and have an effective rate of 7¼%, according to a term sheet.
Axis Bank Ltd. is the arranger.
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.
| Issuer: | Housing Development Finance Corp. Ltd.
|
| Issue: | Secured redeemable debentures
|
| Amount: | Rs. 15 billion
|
| Maturity: | Oct. 12, 2018
|
| Coupon: | 7½%, with an effective rate of 7¼%
|
| Lead arranger: | Axis Bank Ltd.
|
| Call: | Non-callable
|
| Ratings: | Crisil Ltd.: AAA
|
| ICRA Ltd.: AAA
|
| Settlement date: | Oct. 6
|
|
|
|
|
|
|
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.
