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India HDFC plans to raise at least 1.5 bln rupees via zero-coupon bonds

Source : REUTERS
Last Updated: Fri, Apr 05, 2013 10:00 hrs

MUMBAI, April 5 (Reuters) - Housing Development Finance Corp , India's biggest mortgage lender, plans to raise at least 1.5 billion rupees through 18-month zero coupon bonds that will yield 9.05 percent at maturity, a source with knowledge of the deal said.

IDFC is the sole arranger to the bond sale, said the source.

(Reporting by Archana Narayanan; Editing by Sunil Nair)


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