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

MUMBAI Tue Nov 19, 2013 12:53am EST

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MUMBAI Nov 19 (Reuters) - India's Housing Development Finance Corp Ltd is planning to raise at least 5 billion rupees ($80.07 million) via 1-year bonds at 9.96 percent, two sources with direct knowledge of the deal said.

HSBC is the sole arranger to the bond sale, the sources said.

($1 = 62.4450 Indian rupees) (Reporting by Archana Narayanan; Editing by Sunil Nair)