trending Market Intelligence /marketintelligence/en/news-insights/trending/w8ekZyDox8XzY54uN0oN0Q2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us
In This List

Housing Development Finance to issue 25B rupees of debentures

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity


Housing Development Finance to issue 25B rupees of debentures

Housing Development Finance Corp. Ltd. plans to issue 25 billion Indian rupees of secured redeemable nonconvertible debentures on a private placement basis.

The debentures bear a coupon of 7.40% per year and have a tenor of three years and one month.

The issue will open Oct. 17 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 Oct. 11, US$1 was equivalent to 65.16 Indian rupees.