Housing Development Finance Corporation Limited

500010

INE001A01036

HDFC to issue near 1-year CP - traders

August 29, 2022 at 06:16 am EDT

MUMBAI (Reuters) - India's Housing Development Finance Corp Ltd plans to raise funds through commercial papers maturing in one year, three merchant bankers said on Monday.

The housing finance company will offer a yield of 6.94% on the issue and has received commitments worth around 6.50 billion Indian rupees ($81.32 million), the bankers said.

The notes are rated A1+ by CRISIL.

($1 = 79.9290 Indian rupees)

(Reporting by Dharamraj Lalit Dhutia; Editing by Shinjini Ganguli)

Latest news about Housing Development Finance Corporation Limited

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Housing Development Finance Corporation (HDFC) specializes in real estate loan. Net sales (including intragroup) break down by activity as follows: - real estate loan (45.7%): INR 66.2 billion of granted loans in 2018/19; - life insurance (39%); - non life insurance (12.3%); - asset management (2.3%); - other (0.7%).

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