HDFC plans to raise up to Rs 1,000 crore via bonds

Housing Development Finance Corp, India's biggest mortgage lender, is planning to raise up to Rs 1,000 crore through 15-month bonds at 9.60% annual coupon, a source with direct knowledge of the matter said.

Base size of the issue is Rs 500 crore, the source said, adding HSBC is the sole arranger for the bond sale.