10-06-2022 04:08 PM | Source: Reuters
HDFC to issue 1-year CP - traders
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India's Housing Development Finance Corp Ltd plans to raise funds through commercial papers maturing in one year, three merchant bankers said on Thursday.

The housing finance company will offer a yield of 7.40% on the issue and has received commitments worth around 2 billion Indian rupees ($24.44 million) so far, according to the bankers.

The notes are rated A1+ by CRISIL.

($1 = 81.8480 Indian rupees)