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

MUMBAI Fri Oct 4, 2013 2:22am EDT

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MUMBAI Oct 4 (Reuters) - Housing Development Finance Corp , India's biggest mortgage lender, plans to raise up to 10 billion rupees ($161.90 million) through the sale of three-year bonds at 9.75 percent, two sources with direct knowledge of the matter said.

The base size of the issue is 5 billion rupees, the sources said.

ICICI Securities Primary Dealership, ICICI Bank and Deutsche Bank are the arrangers to the deal so far, they said. ($1 = 61.7650 Indian rupees) (Reporting by Archana Narayanan; Editing by Subhranshu Sahu)

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