trending Market Intelligence /marketintelligence/en/news-insights/trending/Eakfz0fUZsAtSMgaJcNtaw2 content esgSubNav
In This List

Housing Development Finance to issue 20B rupees of debentures

Blog

Banking Essentials Newsletter: July Edition - Part 3

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks


Housing Development Finance to issue 20B rupees of debentures

Housing Development Finance Corp. Ltd. plans to issue 20 billion Indian rupees of secured redeemable nonconvertible debentures in a private placement.

The company said June 6 that the debentures bear an annual coupon of 7.60% and mature June 26, 2020. The issue will open June 8 and close the same day.

Proceeds from the issuance will be used to finance and refinance the company's housing finance business requirements.

As of June 6, US$1 was equivalent to 64.44 Indian rupees.