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Housing Development Finance redeems nonconvertible debentures ahead of maturity

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Housing Development Finance redeems nonconvertible debentures ahead of maturity

India's Housing Development Finance Corp. Ltd. on May 29 redeemed some of its secured redeemable nonconvertible debentures before they matured, according to the company's filing on the same day.

HDFC redeemed 200 nonconvertible debentures, with each carrying a face value of 10 million rupees. The outstanding issue size of the nonconvertible debentures is 18 billion rupees after the early redemption.

As of May 28, US$1 was equivalent to 67.43 Indian rupees.