trending Market Intelligence /marketintelligence/en/news-insights/trending/a2QBPRLdPCwsmhJ0jHLoSA2 content esgSubNav
In This List

India's Housing Development Finance to raise 25B rupees in debt issue

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


India's Housing Development Finance to raise 25B rupees in debt issue

India's Housing Development Finance Corp. Ltd. plans to raise 25 billion rupees by issuing secured redeemable nonconvertible debentures on Dec. 27.

The debentures are due Dec. 30, 2022, and will be issued in a private placement. The debentures will carry a coupon rate of 7.21% per year.

The company plans to use proceeds from the issuance to finance or refinance business requirements, according to a Dec. 24 filing.

As of Dec. 24, US$1 was equivalent to 71.24 Indian rupees.