HDFC announces its first Synthetic INR Notes issuance

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Capital Market
Last Updated : Jul 11 2016 | 6:14 PM IST

Aggregating Rs 2000 crore

Housing Development Finance Corporation announced its first unrated Synthetic INR Notes issuance of Rs 2000 crore with an option to retain oversubscription of upto Rs 1000 crore. HDFC is the first Indian public issuer of Synthetic INR Notes. The Synthetic INR Notes are in the nature of 'Rupee Denominated Bonds'. The Bonds will bear a fixed coupon and will have a tenor of 3 years and 1 month. The Bonds are proposed to be listed on the London Stock Exchange.

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First Published: Jul 11 2016 | 5:39 PM IST

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