India's HDFC plans to raise up to 7.5bn rupees via bonds

MUMBAI: Housing Development Finance Corp , India's biggest mortgage lender, plans to raise up to 7.5 billion rupees ($138.67 million) through five-year bonds at 9.25 percent, two sources with direct knowledge of the deal said.

The base size of the issue is 4 billion rupees and Axis Bank is the sole arranger for the bond sale, said the sources.