India New Issue-Bank of India accepts bids for 10-year infrastructure bonds, bankers say

Bank Of India

18/07/2024 08:13

MUMBAI, July 18 (Reuters) - Bank of India  BOI.NS  has accepted bids aggregating to 50
billion rupees ($598.01 million)for infrastructure bonds maturing in 10 years, three bankers
said on Thursday.
    The state-run lender had invited coupon and commitment bids from bankers and investors
earlier in the day.
    
 
  Here is the list of deals reported so far on July 18: 
             Issuer                                                             
                      Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                   bln rupees)*    date         
                                                                                
 Bank of India        10 years      7.54           50              July 18      AA+ (India
                                                                                Ratings)
 HDFC Credila              3 years  To be decided             2+8  July 19      AAA (Crisil,
 Financial Services                                                             Careedge)
 
*Size includes base plus greenshoe for some issues

($1 = 83.6100 Indian rupees)

 (Reporting by Bhakti Tambe and Dharamraj Dhutia)
 ((Bhakti.Tambe@thomsonreuters.com))