HDFC raises Rs 500 crore via masala bonds
Housing Development Finance Corporation (HDFC) has issued masala bonds under its medium-term note (MTN) programme and raised Rs 500 crore. The rupee denominated bonds (RDBs), popularly known as masala bonds, are issued under the MTN programme. It will offer at coupon of 8.75 per cent per annum payable semi-annually for tenor of 5 years and … Read more