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India's HDFC to raise up to 10 bln rupees via bonds

MUMBAI, Oct 10 (Reuters) - India's Housing DevelopmentFinance Corp plans to raise up to 10 billion rupees($189.30 million) through five-year bonds with a put option atthe end of 13-months at 9 percent, a source with directknowledge of the matter said on Wednesday.

The base size of the issue is 7.5 billion rupees with agreenshoe of 2.5 billion rupees, the source said.

Axis Bank is the sole arranger to the deal, the source said.($1 = 52.8250 Indian rupees)

(Reporting by Archana Narayanan)

((archana.narayanan@thomsonreuters.com)(+91-22-61807244)(Reuter

Messaging: archana.narayanan.reuters.com@reuters.net))

Keywords: HDFC BONDS/