India New Issue-Can Fin Homes accepts bids for bond issue - bankers

Can Fin Homes

22/02/2024 09:24

MUMBAI, Feb 22 (Reuters) - India's Can Fin Homes  CNFH.NS  accepts bids worth 10 billion
rupees ($120.66 million) for bonds maturing in three years and three months, three merchant
bankers said on Thursday.
    The non-banking financial company will pay an annual coupon of 8.25% on the issue and had
invited bids from bankers and investors earlier in the day, they said.
 
 Here is the list of deals reported so far on Feb. 22: 
             Issuer                                                            
                     Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                  bln rupees)*    date         
                                                                               
 Can Fin Homes       3 years and   8.25           10              Feb. 22      AAA (Crisil,
                     3 months                                                  ICRA)
 Tata Capital July    9 years and         8.2313            2.40  Feb. 21      AAA (Crisil,
 2033 reissue            5 months        (yield)                               ICRA)
 
* Size includes base plus greenshoe for some issues


($1 = 82.8790 Indian rupees)

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