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HDFC raises 1 bn rupees via bonds

HDFC raises 1 bn rupees via bonds
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First Published: Tue, Feb 02 2010. 02 32 PM IST
Updated: Tue, Feb 02 2010. 02 32 PM IST
Mumbai: Top Indian mortgage lender Housing Development Finance Corp has raised Rs1 billion via bonds, two sources with knowledge of the deal said on Tuesday.
The three-year bonds carry a coupon rate of 7.65%, and are rated ‘AAA’ by CARE and Crisil. Kotak Mahindra Bank was sole arranger to the issue.
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First Published: Tue, Feb 02 2010. 02 32 PM IST
More Topics: HDFC | Bonds | CARE | Crisil | Kotak Mahindra Bank |