|Chennai||Rs. 24470.00 (1.37%)|
|Mumbai||Rs. 24900.00 (0.97%)|
|Delhi||Rs. 24200.00 (1.26%)|
|Kolkata||Rs. 24160.00 (0%)|
|Kerala||Rs. 24000.00 (0.63%)|
|Bangalore||Rs. 23800.00 (0%)|
|Hyderabad||Rs. 24140.00 (1.17%)|
Housing Development Finance Corporation , India's biggest mortgage lender, plans to raise up to 11.50 billion rupees ($209.68 million) through two separate bond deals, a source with direct knowledge of the matter said.
The company will raise 5 billion rupees through 1-year 1-day bonds at 9.50 percent, said the source, adding HSBC was the sole arranger to the bond sale.
HDFC is also raising up to 6.5 billion rupees through 14-month papers, the source said.
It will pay a coupon of 9.50 percent with an annualised yield of 9.43 percent and Credit Suisse is an investor in the deal, the source added.