The bond issue, which includes Rs 250 crore of greenshoe option, will open for subscription on December 12 and close on December 20, the housing finance company said in a release. The bond, with a face value of Rs 1,000 each, will offer a coupon of 11.52 per centper annum payable every month, it said.

The company said bonds, to be listed on BSE and NSE, will not carry any put or call option. The issue has been rated `AA-/Stable' by Crisil and 'AA-' by another agency CARE. The ratings indicate high degree of safety and very low credit risk.


Latest News  from Business News Desk