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HDFC plans to raise up to 10 billion rupees via bonds

Housing Development Finance Corp has planned to raise up to 10 billion rupees through 15-month bonds

Mumbai: Housing Development Finance Corp (HDFC), India's biggest mortgage lender, is planning to raise up to 10 billion rupees through 15-month bonds at 9.60 per cent annual coupon, said a source with direct knowledge of the matter.

HDFC also stated that its base size of the issue is 5 billion rupees.

( Source : reuters )
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