India New Issue-Can Fin Homes to issue 5-year bonds, bankers say

Can Fin Homes

15/03/2024 03:02

MUMBAI, March 15 (Reuters) - India's Can Fin Homes  CNFH.NS  plans to raise 9 billion
rupees ($108.5 million) through a sale of bonds maturing in five years, three merchant bankers
said on Friday.
    The non-banking financial company has invited bids from bankers and investors on Tuesday,
they said.
    
 
  Here is the list of deals reported so far on March 15: 
             Issuer                                                             
                      Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                   bln rupees)*    date         
                                                                                
 Can Fin Homes        5 years       To be decided  3+6             March 19     AAA (Careedge,
                                                                                Icra)
             LIC      3 years and   7.8588         5.05            March 14     AAA (Crisil,
 Housing May 2027     2 months      (yield)                                     Careedge)
 reissue                                                                        
                                                                                
 LIC Housing          9 years and   7.67 (yield)   5.03            March 14     AAA (Crisil,
 Feb 2034 reissue     11 months                                                 Careedge)
             Bajaj    2 years and   7.95           5               March 14     AAA (Crisil)
 Housing May 2026     2 months                                                  
 reissue                                                                        
                                                                                
             Kotak    5 years       8.05           5               March 14     AAA (Crisil)
 Mahindra Prime                                                                 
                                                                                
                      5 years       8.60           4.41            March 14     AA+ (Icra,
 Cholamandalam                                                                  India Ratings)
 Investment                                                                     
                                                                                
             HDFC     10 years      To be decided  10+20           March 18     AAA (Crisil,
 Bank                                                                           Careedge)
                                                                                
 
 * Size includes base plus greenshoe for some issues


($1 = 82.9640 Indian rupees)

 (Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Varun H K)
 ((Dharamraj.dhutia@tr.com))