India's HDFC to raise at least 5 bln rupees via bonds

MUMBAI Tue Oct 16, 2012 3:17am EDT

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MUMBAI Oct 16 (Reuters) - India's Housing Development Finance Corp plans to raise at least 5 billion rupees ($94.29 million) through two-year bonds at 9.18 percent, a source with direct knowledge of the matter said on Tuesday.

ICICI Bank is the sole arranger to the deal, the source said. ($1 = 53.0275 Indian rupees) (Reporting by Archana Narayanan; Editing by G.Ram Mohan)