IFLR1000

Housing Development Finance Corporation Re104 billion QIP issue

5/10/2015
Private placement of shares, Qualified institutional placement (QIP)
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Re 104 billion

$ 1.62 billion

Completed

5/10/2015

Overview:

  • Housing Development Finance Corporation (HDFC) has undertaken a Re104 billion qualified institutional placement (QIP).
  • The issue consisted of 5000 1.43% secured redeemable non-convertible debentures valued at Re10 million each due in March 2017.
  • Each note is exchangeable for one equity share with an issue price of Re14 per warrant and an exchange price of Re1,475 per warrant.
  • HDFC is one of the largest housing finance companies in India.

Katrin Kostadinova - Data analyst

Jurisdiction:

India

Deal types:

Private placement of shares
Qualified institutional placement (QIP)

Practice areas:

Capital markets : Debt
Capital markets : Equity

Governing law:

India

Industry sectors:

Financial services
Real estate

Firms:
AZB & Partners

Party: Housing Development Finance Corporation (HDFC) (Issuer)

Lawyers: Lionel D'Almeida, Varoon Chandra

Cyril Amarchand Mangaldas

Party: Kotak Mahindra Capital (Bookrunner, Global coordinator)

Party: Axis Bank (Bookrunner, Global coordinator)

Party: AXIS Capital (Bookrunner, Global coordinator)

Party: Citigroup Global Markets Ltd (Bookrunner, Global coordinator)

Party: HDFC Bank (Bookrunner, Global coordinator)

Party: ICICI Bank (Bookrunner, Global coordinator)

Party: ICICI Securities (Bookrunner, Global coordinator)

Party: IDFC Securities (Bookrunner, Global coordinator)

Party: JM Financial (Bookrunner, Global coordinator)

Party: IndusInd Bank (Bookrunner, Global coordinator)

Lawyers: Gaurav Gupte, Yash Ashar

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