India's HDFC to raise up to 10 bln rupees via bonds

MUMBAI Wed Oct 10, 2012 7:53am EDT

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MUMBAI Oct 10 (Reuters) - India's Housing Development Finance Corp plans to raise up to 10 billion rupees ($189.30 million) through five-year bonds with a put option at the end of 13-months at 9 percent, a source with direct knowledge of the matter said on Wednesday.

The base size of the issue is 7.5 billion rupees with a greenshoe of 2.5 billion rupees, the source said.

Axis Bank is the sole arranger to the deal, the source said. ($1 = 52.8250 Indian rupees) (Reporting by Archana Narayanan)

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