By Wendy Van Sickle
Columbus, Ohio, Nov. 9 – Housing Development Finance Corp. Ltd. informed the Bombay Stock Exchange that it plans to issue Rs. 20 billion of 7.8% secured redeemable non-convertible debentures.
The issue will open and close on Friday, according to a term sheet.
The bonds mature on Nov. 11, 2019.
The issue is arranged by Icici Bank Ltd.
The bonds will be listed on the Bombay Stock Exchange and the National Stock Exchange of India Ltd.
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: | Secured redeemable non-convertible debentures
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| Amount: | Rs. 20 billion
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| Maturity: | Nov. 11, 2019
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| Coupon: | 7.8%
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| Arranger: | Icici Bank Ltd.
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| Settlement date: | Nov. 9
|
| Ratings: | Crisil Ltd.: AAA
|
| ICRA Ltd.: AAA
|
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