India New Issue-Aditya Birla Sun Life Insurance to issue 10-year bonds, bankers say
MUMBAI, March 5 (Reuters) - India's Aditya Birla Sun Life Insurance Company plans to raise 5 billion rupees ($54.69 million) through the sale of bonds maturing in 10 years, three bankers said on Thursday. It will pay a coupon of 7.90% and invited commitment bids for the issue on Monday, they said. The company did not immediately respond to a Reuters email seeking comment. Here is the list of deals reported so far on March 5:
| Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
| Aditya Birla Sun Life Insurance Company | 10 Years | 7.90 | 5 | March 9 | AAA (Crisil, India Ratings) |
| Altius Telecom Infrastructure Trust | 7 years | 7.50 | 14.50 | March 6 | AAA (Crisil,care) |
| NEEPCO Staggered Redemption Bonds | 10 years | To be decided | 2.5+5 | March 9 | AA (Care, India Ratings) |
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