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

MUMBAI Thu Feb 14, 2013 3:52am EST

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MUMBAI Feb 14 (Reuters) - Housing Development Finance Corp , India's biggest mortgage lender, plans to raise 5 billion rupees ($92.96 million) through two-year bonds at 9.45 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 = 53.7850 Indian rupees) (Reporting by Archana Narayanan; Editing by Prateek Chatterjee)

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