India’s Housing Development Finance issues Rs. 10 billion of bonds

By Angela McDaniels

Tacoma, Wash., Sept. 12 – Housing Development Finance Corp. Ltd. issued Rs. 10 billion of bonds to overseas investors on Monday, according to a notice with the Bombay Stock Exchange Ltd.

The company said that this is its third issue of rupee-denominated bonds to overseas investors and that it has now raised Rs. 45 billion through the issuance of rupee-denominated bonds.

The Mumbai-based issuer provides housing financing to individuals and lease finance facilities to the corporate sector for plant and machinery, energy generation and other assets.

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