HDFC To Issue Commercial Papers With Nearly 1-Year Maturity: Traders

The Housing Development Finance Corp Ltd has received commitments worth around five billion rupees ($63.06 million), the bankers said.

HDFC To Issue Commercial Papers With Nearly 1-Year Maturity: Traders

The Housing Development Finance Corp Ltd will offer a yield of 6.90% on this issue.

MUMBAI:

The Housing Development Finance Corp Ltd (HDFC) plans to raise funds through commercial papers maturing in nearly one year, three merchant bankers said on Thursday.

The housing finance company will offer a yield of 6.90% on this issue, and has received commitments worth around five billion rupees ($63.06 million), the bankers said.

The notes are rated A1 by CRISIL and will mature in July 2023. The terms of the deal were set on Wednesday.

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