The housing finance company has invited coupon and commitment bids from bankers and investors on Tuesday, they added.

The issue will also have a greenshoe option to retain an additional 20 billion rupees and will close for subscription later this week.

The bonds are rated AAA by CRISIL and will have a put option at the end of the third year.

Last week, Reuters had reported that the housing financier plans to tap the bond market after a gap of two months.

In November, HDFC raised 19 billion rupees through bonds maturing in 10 years at an annual coupon of 7.79%. ($1 = 80.9790 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)