By Susanna Moon
Chicago, June 22 – Housing Development Finance Corp. Ltd. priced Rs. 5 billion of 8.46% 10-year secured redeemable debentures in a private placement.
The notes were issued with a face value of Rs. 10 million each and an effective interest rate of 8.15%, according to a term sheet.
Icici Bank Ltd. is the arranger.
The issuer provides housing finance to individuals and lease finance facilities to the corporate sector for plant and machinery, energy generation and other assets.
| Issuer: | Housing Development Finance Corp. Ltd.
|
| Issue: | Secured redeemable debentures
|
| Amount: | Rs. 5.35 billion
|
| Maturity: | June 24, 2026
|
| Coupon: | 8.46%
|
| Arranger: | Icici Bank Ltd.
|
| Put option: | At par on Aug. 24, 2017
|
| Settlement date: | June 24
|
| Ratings: | Crisil: AAA
|
| ICRA: AAA
|
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