HUDCO to raise up to Rs 5 bln | india | Hindustan Times
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HUDCO to raise up to Rs 5 bln

india Updated: Sep 18, 2006 18:25 IST
Reuters
Reuters
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State-run Housing and Urban Development Corporation plans to raise up to Rs 5 billion through a bond issue that opened on Monday, investment bankers told Reuters.

The 1-year bond sale is scheduled to close on Tuesday.

Following are the terms and conditions of the issue:

Borrower Housing and Urban Development Corporation

Type: Unsecured debentures

Maturity 365 days

Coupon 8.20 percent, payable annually.

Issue amount Rs 3 billion with a greenshoe option of an additional $2 billion

Opening Date Sept 18

Closing Date Sept 19

Rating PR1+ by CARE Ratings

Arrangers UTI Bank, Darashaw Securities, ICICI

Securities, DSP Merrill Lynch, LKP, ING Vysya

Bank, Derivium Capital

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