HDFC raises Rs 10,000 crore through debentures at 7.18%

Housing Development Fina­nce Corporation (HDFC) has raised Rs 10,000 crore through 10-year bonds carrying a coupon of 7.18 per cent. The money will be deployed for bus­iness operations. The iss­ue size was Rs 500 crore with a green-shoe option of Rs 9,500 crore.
 

Given the high standing of the company, the pricing was fine at 7.18 per cent, said bond dealers, adding that initial indication was 7.25-7.30 per cent on the yield.
 

HDFC visits the market regularly with debentures and has raised about Rs 50,000 crore from the domestic bond market this financial year, market sources said.
 

Meanwhile, another housing