India New Issue-Aditya Birla Fashion accepts bids for bond issue, bankers say

Aditya Birla Fashion and Retail

12/09/2024 04:07

MUMBAI, Sept 12 (Reuters) - India's Aditya Birla Fashion and Retail  ADIA.NS  accepts
bids worth 5 billion rupees ($59.54 million) for bonds maturing in two years and three months,
three merchant bankers said on Thursday.
    The company will pay an annual coupon of 7.86%, and had invited bids from bankers and
investors for the issue on Wednesday, they said.
    
 
 Here is the list of deals reported so far on Sept. 12
                                                                         
 Issuer        Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                            bln rupees)*    date         
                                                                         
 Aditya Birla  2 year and 3           7.86               5  Sept 11      AA+(Crisil,
 Fashion             months                                              Icra)
 
*Size includes base plus greenshoe for some issues



($1 = 83.9790 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee
)
 ((Dharamraj.dhutia@tr.com))