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India New Issue-HDB Financial Services to issue 3-year bonds, bankers say

By Reuters News3 hours ago Updated

MUMBAI, Nov 11 (Reuters) - India's HDB Financial Services HDBF.NS plans to raise up to 10 billion rupees ($106.67 million), including a greenshoe option of 7 billion rupees, through the sale of bonds maturing in about three years and one month, three bankers said on Wednesday.

The company will offer a coupon of 8.5008% and has invited commitment bids for the issue, due on Thursday, they said.

HDB Financial did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on November 11:

Issuer	Tenure	Coupon (in %)	Issue size (in bln rupees)*	Bidding date	Rating
HDB Financial Services	3 years and near 1 month	8.5008	3+7	November 12	AAA (Crisil, Care)
360 One Prime	3 years	9.80	10	November 9	AA (Icra)

*Size includes base plus greenshoe for some issues

($1 = 93.7475 Indian rupees)

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