DEBT

Housing Development Finance Corp, the mortgage lender, is planning to raise at least R2.5 Bn ($43.26 Mn) through 1-year 2-day bonds at 8.50%, ET states.

ICICI Bank is set to raise up to Chinese Yuan (Renminbi) 750 Mn (about $ 120 Mn) by way of 3-year Regulation S bonds, BS states.

Housing Development Finance Corp is planning to raise R10 Bn through commercial paper yielding an interest of 8.80%.

Heidelberg Cement, a leading Cement manufacturer in India said its shareholders have accorded approval for raising funds up to R2,000 Cr through borrowings, ET states.

Commercial vehicle maker Ashok Leyland Ltd. plans to raise R300 Cr ($51.80 Mn) via dual tranche bonds, ET states.

State-run Food Corporation of India (FCI) plans to raise R8000 Cr ($1.4 bn) through issue of bonds in the current fiscal to improve its working capital, BS states.

BMRCL or Bangalore Metro Rail Corporation is on course to raise R300 Cr through a private placement, states BS.

Rashtriya Ispat Nigam is planning to fund its R1,600 Cr capex through a debt raise of R600 Cr, states TOI. Adding to that, the steel maker intends to fund the balance R1,000 Cr through internal accruals.

GAIL plans to raise R1,000 Cr through a domestic bond issue to partly meet its capital expenditure, TOI states.