India New Issue-AU Small Finance Bank accepts bids for Tier II bonds, bankers say

AU Small Finance Bank

28/03/2025 02:38

MUMBAI, March 28 (Reuters) - India's AU Small Finance Bank AUFI.NS has accepted bids worth 6.50 billion rupees ($75.9 million) for the sale of Tier II bonds maturing in 10 years, three bankers said on Friday.

The lender will pay an annual coupon of 9.20% on this issue and had invited commitment bids from bankers and investors on Thursday, they said.

The issue will have a call option at the end of five years.

 Here is the list of deals reported so far on March 28:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
AU Small Finance Bank
10 years
9.20
6.50
March 27
AA (Icra, Care)

*Size includes base plus greenshoe for some issues

($1 = 85.6720 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala
)

 ((Dharamraj.dhutia@tr.com))