By Wendy Van Sickle
Columbus, Ohio, Nov. 17 – Housing Development Finance Corp. Ltd. notified the Bombay Stock Exchange that it issued Rs. 15 billion of 7.4% two-year secured redeemable debentures.
The notes were issued in a private placement with an effective rate of 7.16%, 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.
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Issue: | Secured redeemable non-convertible debentures
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Amount: | Rs. 15 billion
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Maturity: | Nov. 22, 2018
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Coupon: | 7.4%, with an effective rate of 7.16%
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Settlement date: | Nov. 22
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Ratings: | Crisil Ltd.: AAA
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| ICRA Ltd.: AAA
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