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India's HDFC plans to raise 10 bln rupees via commercial paper - sources
June 13, 2013 / 11:42 AM / in 4 years

India's HDFC plans to raise 10 bln rupees via commercial paper - sources

MUMBAI, June 13 (Reuters) - Housing Development Finance Corp (HDFC), India’s biggest mortgage lender, is planning to raise 10 billion rupees ($173.10 million) through 364-day commercial papers yielding 8.80 percent, two sources with direct knowledge of the deal said.

The firm has directly placed the papers with mutual funds, said the sources. ($1 = 57.7700 Indian rupees) (Reporting by Archana Narayanan; Editing by Subhranshu Sahu)

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