India New Issue-Can Fin Homes to issue May 2026 bonds - bankers

Can Fin Homes

22/02/2023 12:50

MUMBAI, Feb 22 (Reuters) - India's Can Fin Homes Ltd
 CNFH.NS  plans to raise at least 2 billion rupees ($24.2
million) through bonds maturing in May 2026, three merchant
bankers said on Wednesday.
    The non-banking finance company has invited bids from
merchant bankers and investors on Friday, with bidding to take
place on the National Stock Exchange's electronic platform, they
said.
    The issue also has a greenshoe option to retain an
oversubscription of up to 8 billion rupees.
    The bonds are rated AAA by CARE and the issue will be
settled next week.
    In December, Can Fin Homes had raised 3.01 billion rupees
through bonds maturing in March 2026 at a coupon of 8.08%.
 
 ($1 = 82.8260 Indian rupees)
 (Reporting by Bhakti Tambe; Editing by Savio D'Souza)
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