HDFC plans to raise Rs.250 cr via bonds
Housing Development Finance Corp plans to raise at least R250 crore ($46.06 million) through one-year one-day bonds at 9.62%, said a source with direct knowledge of the deal. HSBC is the sole arranger for the bond sale, said the source.
LIC Housing to raise R200 cr via bonds
LIC Housing Finance plans to raise at least R200 crore ($36.85 million) via two-year bonds at 9.39%, a source with direct knowledge of the deal said on Wednesday.
Foreign investors bullish on infra funds
Indian Infrastructure debt funds are expected to attract huge investor interest in overseas markets, given a marked improvement in economic sentiments here and a low-interest rate environment abroad, ICICI Bank chief Chanda Kochhar said. Besides, the evolution of newly-created infrastructure debt funds (IDFs) as key financing vehicles for infrastructure sector is also expected to ease the pressure on banking system, Kochhar told PTI in an interview.
PSU ETF: FinMin to bring Cabinet note
The finance ministry will prepare a Cabinet note on framework of the Exchange Traded Fund (ETF) for state-owned companies to attract investment and promote government's disinvestment drive. The disinvestment department will finalise the cabinet note after appointment of asset management companies (AMCs) to handle PSU ETF.
ICICI Bank-KFA card to be discontinued
ICICI Bank has decided to discontinue co-branded credit card with Kingfisher Airlines in the wake of the continued grounding of the debt-laden air carrier. “ICICI Bank and Kingfisher Airlines’ co-branded credit card programme has been discontinued due to discontinuation of Kingfisher Airlines services,” the bank said in a communication to its customers.