MUMBAI: Dewan Housing Finance (DHFL) is set to launch this year's largest retail bond sale, raising up to Rs 15,000 crore for funding home loans as the demand for affordable apartments surges in the world’s fastest-expanding major economy.DHFL is the flagship company of Wadhawan Global Capital (WGC) group. The issue is rated triple-A by Care and Brickwork Ratings, two domestic rating companies.Three people close to the sale told ET that the issue could be between Rs 10,000 crore and Rs 15,000 crore. The company declined to comment on the matter.The bond sale is likely to begin this week-end or early next week, offering coupons, expected in the range of 8.75-9.10% across maturities. They include Axis Bank , Edelweiss Fin, Trust Capital, ICICI Bank, and SBI Cap.Earlier in April, DHFL raised about Rs 1,000 crore by selling rupee-denominated bonds overseas. It mopped up Rs 10,000 crore against which it had received applications for Rs 12,645 crore.DHFL reported a 66% surge in loans sanctioned for the year ended March 31, 2018 at Rs 65,936 crore.

Source: Economic Times May 14, 2018 15:00 UTC