June 18, 2013 / 7:48 AM / 4 years ago

India's HDFC plans to raise at least 2.5 bln rupees via bonds - sources

MUMBAI, June 18 (Reuters) - Housing Development Finance Corp (HDFC), India's biggest mortgage lender, is planning to raise at least 2.5 billion rupees ($43.26 million) through 1-year 2-day bonds at 8.50 percent, two sources with direct knowledge of the deal said.

Axis Bank is the sole arranger to the bond sale, said the sources. ($1 = 57.7850 Indian rupees) (Reporting by Archana Narayanan; Editing by Subhranshu Sahu)

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