India New Issue-Bank of India to issue 10-year infrastructure bonds, banker say

Bank Of India

15/07/2024 09:27

MUMBAI, July 15 (Reuters) - Bank of India  BOI.NS  plans to raise up to 50 billion
rupees ($598.64 million), including a greenshoe option of 30 billion rupees, through
infrastructure bonds maturing in 10 years, three bankers said on Monday.
    It has invited coupon and commitment bids for the issue on Thursday, they said. 
    
 
  Here is the list of deals reported so far on July 15: 
                                                                           
 Issuer          Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                              bln rupees)*    date         
                                                                           
 Bank of India   10 years      To be decided  20+30           July 18      AA+ (India
                                                                           Ratings)
                 13 months     To be decided  5               July 19      A+(CE)(Careedge
 Renew Wind                                                                )
 Energy Jamb                                                               
                                                                           
                 10 years      7.89           28.50           July 12      AAA (Crisil)
 Bajaj Housing                                                             
 Finance                                                                   
                                                                           
                      5 years  7.28                    18.50  July 15      AAA (Icra,
 HUDCO                         semi-annual                                 India Ratings)
                                                                           
 *Size includes base plus greenshoe for some issues

($1 = 83.5230 Indian rupees)

 (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Sohini Goswami)
 ((Bhakti.Tambe@thomsonreuters.com))