HDFC to raise up to Rs 10,000 cr via 10-year bonds

Housing Development Finance Corporation (HDFC) plans to raise up to Rs 10,000 crore, which includes Rs 5,000 crore in greenshoe through bonds maturing in 10-year, a person close to development said.

The bidding for the bonds will take place on September 5 on the BSE's bidding platform.

"We have a fixed coupon rate of 7.80 per cent on our proposed bond issue," the person cited above said.

Axis Bank and ICICI Bank were appointed as an arranger to the issue.