MUMBAI, March 6 Housing Development Finance Corp
, India's biggest mortgage lender, plans to raise up to
11.50 billion rupees ($209.68 million) through two separate bond
deals, a source with direct knowledge of the matter said.
The company will raise 5 billion rupees through 1-year 1-day
bonds at 9.50 percent, said the source, adding HSBC was the sole
arranger to the bond sale.
HDFC is also raising up to 6.5 billion rupees through
14-month papers, the source said.
It will pay a coupon of 9.50 percent with an annualised
yield of 9.43 percent and Credit Suisse is an investor in the
deal, the source added.
($1 = 54.8450 Indian rupees)
(Reporting by Archana Narayanan; Editing by Anupama Dwivedi)