India New Issue-Aditya Birla Fashion to issue 7-year bonds - bankers

Aditya Birla Fashion and Retail

07/09/2023 03:59

MUMBAI, Sept 7 (Reuters) - India's Aditya Birla Fashion and Retail plans to raise 7.50
billion rupees ($90.20 million) through the sale of bonds maturing in seven years, three
merchant bankers said on Thursday.
    The company has invited bids from bankers and investors for the issue on Friday, they said. 
 
 
 Here is the list of deals reported so far on Sept. 7
             Issuer                                                            
                                   Coupon (in %)  Issue size (in  Bidding      Rating
                         Tenure                   bln rupees)*    date         
                                                                               
                                                                               
 Aditya Birla Fashion    7-yr      To be decided  7.50            Sept. 8      AA+ (Crisil,
                                                                               India Ratings)
             Bahadur     4-yr      9.25           3.50            Sept. 6      AA (Icra)
 Chand Investments                                                             
                                                                               
             HDB         1-yr and   7.70 (yield)            7.20  Sept. 6      AAA (Crisil,
 Financial Services Aug   11 mnts                                              Care)
 2025 reissue                                                                  
                                                                               
             HDB         1-yr and  7.98 (yield)             2.25  Sept. 6      AAA (Crisil,
 Financial Services Jul   10 mnts                                              Care)
 2025 reissue                                                                  
                                                                               
 
*Size includes base plus greenshoe for some issues


($1 = 83.1500 Indian rupees)

 (Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Sohini Goswami)
 ((Dharamraj.dhutia@tr.com))