India New Issue-Aditya Birla Fashion accepts bids for 7-year bonds - bankers

Aditya Birla Fashion and Retail

08/09/2023 08:21

MUMBAI, Sept 8 (Reuters) - India's Aditya Birla Fashion and Retail has accepted bids
worth 7.50 billion rupees ($90.20 million) for bonds maturing in seven years, three merchant
bankers said on Friday.
    The company will pay an annual coupon of 7.57%, and had invited bids from bankers and
investors for the issue earlier in the day, they said.
 
 
 Here is the list of deals reported so far on Sept. 8
             Issuer                                                            
                     Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                  bln rupees)*    date         
                                                                               
 Aditya Birla        7-yr          7.57           7.50            Sept. 8      AA+ (Crisil,
 Fashion and Retail                                                            India Ratings)
                     3-yr and 3    8.03           5               Sept. 8      AAA (Crisil,
 Mindspace Business  mnts                                                      Icra)
 Parks REIT                                                                    
                                                                               
             NNP     5-yr          Zero-coupon    5.51            Sept. 14     B (Infomerics)
 Construction                                                                  
                                                                               
                             2-yr           9.50           5 + 4  Sept. 11     AA (Crisil)
 Motilal Oswal                                                                 
 Finvest                                                                       
                                                                               
 
 * Size includes base plus greenshoe for some issues

    ($1 = 83.1450 Indian rupees)

 (Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Sherry Jacob-Phillips)
 ((Dharamraj.dhutia@tr.com))