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Tuesday, Mar 02, 2004
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 Money & Banking - Corporate Bonds


HDFC raises Rs 1,000 cr

Our Bureau

Mumbai , March 1

HOUSING Development Finance Corporation Ltd (HDFC) has raised Rs 1,000 crore on a private placement basis from the domestic corporate debt market.

The housing major has floated 5-year debentures at a coupon rate of 5.85 per cent with the arranger being Deutsche Bank, which was subsequently sold to 13-14 banks and mutual funds. The issue has been listed on the NSE in keeping with the new norms specified by SEBI, said an HDFC official.

More Stories on : Corporate Bonds | Housing Finance

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