By Sarah Lizee
Olympia, Wash., Jan. 3 – Housing Development Finance Corp. Ltd. informed the Bombay Stock Exchange that it sold Rs. 30 billion of 7½% secured redeemable nonconvertible debentures due Jan. 8, 2025 at par in a private placement.
Axis Bank Ltd. is the arranger.
The debentures carry a Rs. 20 billion greenshoe.
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 nonconvertible debentures
|
| Amount: | Rs. 30 billion
|
| Greenshoe: | Rs. 20 billion
|
| Maturity: | Jan. 8, 2025
|
| Arranger: | Axis Bank Ltd.
|
| Coupon: | 7½%
|
| Allotment date: | Jan. 8
|
| Distribution: | Private placement
|
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