Chicago, Feb. 10 – Housing Development Finance Corp. Ltd. has priced Rs. 30 billion of 6.99% senior secured notes due Feb. 13, 2023, according to a notice.
The notes carry a Rs. 20 billion greenshoe.
The non-callable, non-puttable notes will be allotted on Feb. 13.
Proceeds will be used to augment the long-term resources of the company, specifically for financing and/or refinancing the housing finance business requirements of the corporation.
The arranger for the issue is Icici Bank 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.
|
| Issue: | Senior secured notes
|
| Amount: | Rs. 30 billion
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| Greenshoe: | Rs. 20 billion
|
| Maturity: | Feb. 13, 2023
|
| Arranger: | Icici Bank Ltd.
|
| Coupon: | 6.99%
|
| Allotment date: | Feb. 13
|
| Ratings: | Crisil: AAA
|
| ICRA: AAA
|
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