DLF, India's top listed real estate firm, is looking to sell 10 billion rupees of bonds and is in talks for a foreign currency loan to help reduce high-cost debt, two sources with direct knowledge of the matter said on Monday.

The company is looking to sell two-year bonds carrying a coupon rate of 10%, payable half-yearly, and three-year bonds at 10.50%, market sources said.

The yield-to-maturity is 10.25% for the two-year bonds and 10.77% for the three-year tranche, they added.

The Economic Times