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HDFC planning to raise funds by issuing commercial papers maturing in 1 mth

India's Housing Development Finance Corp plans to raise funds by issuing commercial papers maturing in one year, three merchant bankers said on Thursday

HDFC

HDFC to issue commercial papers maturing in 1 yr, say 3 merchant bankers

Reuters MUMBAI
MUMBAI (Reuters) - India's Housing Development Finance Corp plans to raise funds by issuing commercial papers maturing in one year, three merchant bankers said on Thursday.
The non-banking finance company will offer a yield of 7.88% on this issue, and has received commitments worth 6.50 billion rupees ($79.89 million) so far, they said.
The notes are rated A1+ by CRISIL.
($1 = 81.3600 Indian rupees)
 
(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Jan 19 2023 | 2:38 PM IST

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