India New Issue-Bank of Baroda accepts bids for infra bonds, bankers say

Bank of Baroda

15/01/2025 08:34

MUMBAI, Jan 15 (Reuters) - India's Bank of Baroda  BOB.NS  has accepted bids worth 50
billion rupees ($578.79 million) for infrastructure bonds maturing in 10 years, three bankers
said on Wednesday. 
    The state-run lender will pay an annual coupon of 7.23% on this issue and had invited coupon
and commitment bids earlier in the day, they said.
    In September, it had raised 50 billion rupees through 10-year infrastructure bonds at a
7.26% coupon.
    The lender did not immediately reply to a Reuters email seeking comment.
    
 
   Here is the list of deals reported so far on Jan. 15
                                                                         
 Issuer        Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                            bln rupees)*    date         
                                                                         
 Bank of       10 years      7.23           50              Jan. 15      AAA (Crisil,
 Baroda                                                                  India Ratings)
               5 years       7.77           4               Jan. 15      AAA (Crisil)
 ICICI Home                                                              
 Finance                                                                 
                                                                         
                   10 years           7.25           27.80  Jan. 15      AAA (Crisil,
 IRFC                                                                    Icra, Care)
                                                                         
 
*Size includes base plus greenshoe for some issues




($1 = 86.3875 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala
Editing by)
 ((Dharamraj.dhutia@tr.com))