Finance
India New Issue HDFC to issue 1-year CP – traders
MUMBAI, Jan 19 (Reuters) – India’s Housing Growth Finance Corp (HDFC.NS) plans to boost funds by issuing industrial papers maturing in a single 12 months, three service provider bankers stated on Thursday.
The non-banking finance firm will supply a yield of seven.88% on this concern, and has acquired commitments value 6.50 billion rupees ($79.89 million) to this point, they stated.
The notes are rated A1+ by CRISIL.
($1 = 81.3600 Indian rupees)
Reporting by Dharamraj Dhutia; Enhancing by Sherry Jacob-Phillips
Our Requirements: The Thomson Reuters Belief Ideas.