01-01-1970 12:00 AM | Source: Reuters
HDFC to issue 1-year CP
India's Housing Development Finance Corp plans to raise funds by issuing commercial papers maturing in one year, three merchant bankers said on Thursday.
The non banking finance company will offer a yield of 7.88% on this issue, and has received commitments worth 6.50 billion rupees ($79.89 million) so far, they said.
The notes are rated A1+ by CRISIL.
($1 = 81.3600 Indian rupees)
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