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

Bank Of India

14/02/2025 08:08

MUMBAI, Feb 14 (Reuters) - State-run Bank of India  BOI.NS  has accepted bids worth
26.90 billion rupees ($309.6 million) for infrastructure bonds maturing in 10 years, three
bankers said on Friday.
    The lender will pay an annual coupon of 7.50% and had invited coupon and commitment bids for
the issue earlier in the day, they said.
    Bank of India did not reply to a Reuters email seeking comment.
    
 
   Here is the list of deals reported so far on February 14: 
             Issuer                                                             
                      Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                   bln rupees)*    date         
                                                                                
 Bank of India        10 years      7.50           26.90           Feb. 14      AA (India
                                                                                Ratings, Care)
                      3 years       8.20           5               Feb. 14      AA+ (Icra,
 Cholamandalam                                                                  India Ratings)
 Investment                                                                     
                                                                                
             THDC     10 years      7.73           7               Feb. 14      AA (Care)
 India                                                                          
                                                                                
             HDB      2 years and   7.90 (yield)   5               Feb. 14      AAA (Crisil,
 Financial            2 months                                                  Care)
 April 2027 reissue                                                             
                                                                                
                      5 years       8.40           5               Feb. 14      AA (Icra)
 Narayana                                                                       
 Hrudayalaya                                                                    
                                                                                
             Bamboo   Nearly 3      10.81          8.08            Feb. 13      Provisional
 Hotel and Global     years                                                     A+(CE)(Icra)
 Centre                                                                         
                                                                                
             PFC       3 years and  To be decided            7+33  Feb. 17      AAA (Crisil,
                          2 months                                              Care, Icra)
 PFC                   6 years and  To be decided            7+33  Feb. 17      AAA (Crisil,
                         11 months                                              Care, Icra)
 
   * Size includes base plus greenshoe for some issues



($1 = 86.8750 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
 ((Dharamraj.dhutia@tr.com))