India New Issue-Aditya Birla Fashion to issue over 2-year bonds, bankers say

Aditya Birla Fashion and Retail

10/09/2024 03:47

MUMBAI, Sept 10 (Reuters) - India's Aditya Birla Fashion and Retail  ADIA.NS  to raise 5
billion rupees ($59.55 million) through sale of bonds maturing in two years and three months,
three merchant bankers said on Tuesday.
    The company will pay an annual coupon of 7.86%, and invited bids from bankers and investors
for the issue on Wednesday, they said. 

    
 
 Here is the list of deals reported so far on Sept. 10: 
                                                                            
 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)
 John Deere         1 year and  To be decided               3  Sept 11      AAA
 Financial India     11 months                                              (Crisil)
 
 * Size includes base plus greenshoe for some issues


   ($1 = 83.9600 Indian rupees)

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