By Tali Rackner
Norfolk, Va., Oct. 14 – Housing Development Finance Corp. Ltd. informed the Bombay Stock Exchange that it issued Rs. 5 billion of 7¼% bonds to overseas investors.
The issue opened and closed on Friday, according to a term sheet.
The bonds mature on Jan. 9, 2020.
As previously reported, the bonds will be listed on the London Stock Exchange.
The Mumbai-based issuer provides housing financing 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: | Bonds
|
| Amount: | Rs. 5 billion
|
| Maturity: | Jan. 9, 2020
|
| Coupon: | 7¼%, payable semiannually
|
| Settlement date: | Oct. 14
|
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