India New Issue-Bajaj Auto Credit accepts bids for 3-year bonds, bankers say
India New Issue-Bajaj Auto Credit accepts bids for 3-year bonds, bankers say MUMBAI, June 18 (Reuters) - India's Bajaj Auto Credit accepts bid worth 5 billion Indian rupees ($53.00 million) for sale of bonds maturing in three years, three bankers said on Thursday.
It will pay an annual coupon of 8.10% and had invited bids for the issue earlier in the day, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Bajaj Auto Credit | 3 years | 8.10 | 5 | June 18 | AAA (Icra) |
SMFG India Credit | 3 years | 8.15 | 6.05 | June 18 | AAA (India Ratings) |
Knowledge Realty Trust | 2 years and 8 months | 7.5397% | 6 | June 18 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 94.3325 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Ronojoy Mazumdar)
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