India's HDFC plans to raise min 5 bln rupees via bonds

MUMBAI Tue Aug 7, 2012 4:15am EDT

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MUMBAI Aug 7 (Reuters) - India's Housing Development Finance Corp plans to raise at least 5 billion rupees ($90.16 million) via five-year bonds at 9.50 percent, a source with direct knowledge of the deal said on Tuesday.

HSBC and Kotak Mahindra Bank are the arrangers to the deal, the source said. ($1 = 55.4600 Indian rupees) (Reporting by Archana Narayanan; Editing by Sunil Nair)

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