India’s Housing Development board to mull Rs. 450 billion debentures

By Sarah Lizee

Olympia, Wash., July 3 – Housing Development Finance Corp. Ltd. informed the Bombay Stock Exchange that its board of directors will meet on Aug. 2 to consider up to Rs. 450 billion of secured redeemable nonconvertible debentures.

The debentures would be issued in various tranches under a shelf disclosure document, according to a notice.

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.

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