HUDCO to raise up to Rs 5 bln
The state-run corporation plans to raise the sum through a bond issue that opened in Mumbai on Monday.india Updated: Sep 18, 2006 18:25 IST
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
First Published: Sep 18, 2006 18:25 IST