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The ₹12,000-crore bond issue of Dewan Housing Finance will open for subscription on Tuesday. The company will offer up to 12 crore secured redeemable NCDs aggregating ₹3,000 crore with a green shoe option of up to ₹9,000 crore. The issue will close on June 4, with an option of early closure or extension. The bonds, which would be allotted on first-come, first-served basis will have six series, with tenors of three, five, seven and 10 years and carry coupon rates of 8.56-9.10 per cent.
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