Housing Development Finance Corporation (HDFC) is reportedly planning to raise up to Rs 1, 000 crore ($163.25 million) via 15-month bonds at 9.60% annual coupon. Base size of the issue is Rs 500 crore. The company will be a sole arranger for the bond sale.
HDFC is India’s premier housing finance entity in existence for over 35 years. With a presence in banking, insurance and asset management, the HDFC group is an important part of the Indian financial services.