India's HDFC plans to raise min 2.5 bln rupees via bonds

MUMBAI Tue Jan 29, 2013 5:52am EST

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MUMBAI Jan 29 (Reuters) - Housing Development Finance Corp , India's biggest mortgage lender, plans to raise at least 2.5 billion rupees ($46.38 million) through five-year bonds at 9.05 percent coupon, said a source with direct knowledge of the deal.

Axis Bank is the sole arranger for the bond sale, said the source. ($1 = 53.9050 Indian rupees) (Reporting by Archana Narayanan; Editing by Prateek Chatterjee)

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