In the upcoming days, mortgage financier Housing Development Finance Corp is expected to issue 10-year bonds with a three-year put option and a base value of Rs 3,500 crore.
According to news reports, the coupon, or rate of interest paid, for HDFC’s bonds may be set at roughly 7.65%.
On May 18, the government-run Power Finance Corporation is anticipated to offer three-year bonds for up to Rs 3,000 crores of rupees. According to news reports, the PFC bond offering includes a basic size of Rs500 crore and a greenshoe option worth Rs2,500 crore. On May 22, 2026, the bonds will reach maturity.
Separately, reports claim that PFC’s subsidiary REC completed the sale of Rs2,000 crore worth of bonds with a March 2032 maturity date and an interest rate of 7.38% on Tuesday. Additionally, REC auctioned bonds valued at Rs2,000 crores with a March 2030 maturity date and a 7.40% interest rate.
PFC raised Rs1,550 crore at a rate of 7.44% on May 8 by selling five-year non-convertible debentures with a put-call option after two years.
Since early April, government bond yields have sharply decreased, making corporate debt capital market fundraising less expensive.
For feedback and suggestions, write to us at editorial@iifl.com
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.