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HDFC raises Rs 500 crore by issuing masala bonds

Updated : November 19, 2018 10:43 PM IST

The rupee denominated bonds (RDBs), popularly known as masala bonds, are issued under the medium term note (MTN) programme.
It will offer a coupon of 8.75 percent per annum payable semi-annually for tenor of 5 years and 1 day.
HDFC raises Rs 500 crore by issuing masala bonds

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