India's HDFC plans to raise 5 bln rupees via bonds

Last Updated: Wed, Mar 06, 2013 10:20 hrs

MUMBAI, March 6 (Reuters) - Housing Development Finance Corp , India's biggest mortgage lender, plans to raise 5 billion rupees ($91.17 million) through five-year bonds at 9.25 percent, two sources with direct knowledge of the deal said on Wednesday.

Axis Bank and Deutsche Bank are the arrangers in the deal, said the source. ($1 = 54.8450 Indian rupees) (Reporting by Archana Narayanan; Editing by Subhranshu Sahu)

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