India New Issue-Aavas Financiers to issue 5-year bonds, bankers say

Aavas Financiers

24/10/2024 03:49

MUMBAI, Oct 24 (Reuters) - India's Aavas Financiers  AVAS.NS  plans to raise at 6.30
billion rupees ($74.93 million) through the sale of bonds maturing in five years, three bankers
said on Thursday.
    It has invited bids from bankers and investors for the issue on Friday, they said.
    The company did not immediately reply to a Reuters email seeking comment. 
    
 
 Here is the list of deals reported so far on Oct. 24: 
                                                                        
 Issuer       Tenure        Coupon (in %)  Issue size (in  Bidding      
                                           bln rupees)*    date         Rating
                                                                        
                                                                        
 Aavas             5 years  Linked to OIS            6.30  Oct. 25      AA
 Financiers                                                             (Icra)
    
 *Size includes base plus greenshoe for some issues
 
 ($1 = 84.0770 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza
Editing by)
 ((Dharamraj.dhutia@tr.com))