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India's HDFC plans to raise min 2.5 bln rupees via bonds

Source : REUTERS
Last Updated: Tue, Jan 29, 2013 11:06 hrs
HDFC, Housing Development Finance

Housing Development Finance Corporation, India's biggest mortgage lender, plans to raise at least 2.5 billion rupees ($46.38 million) through five-year bonds at 9.05 percent coupon, said a source with directknowledge of the deal.

Axis Bank is the sole arranger for the bond sale, said the source.

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