By Susanna Moon
Chicago, Nov. 15 – Housing Development Finance Corp. Ltd. notified the Bombay Stock Exchange that it issued Rs. 20 billion of 7.72% 10-year secured redeemable debentures.
The notes were issued in a private placement with an effective rate of 7.46%, according to a term sheet.
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. 18, 2026
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| Coupon: | 7.72%, with an effective rate of 7.46%
|
| Settlement date: | Nov. 18
|
| Ratings: | Crisil Ltd.: AAA
|
| ICRA Ltd.: AAA
|
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