India New Issue-Can Fin Homes to issue over three-year bonds - bankers

Can Fin Homes

21/02/2024 03:26

MUMBAI, Feb 21 (Reuters) - India's Can Fin Homes  CNFH.NS  plans to raise 10 billion
rupees ($120.65 million), which includes 4 billion rupees of a greenshoe option, through the
sale of bonds maturing in three years and three months, three merchant bankers said on
Wednesday.
    The non-banking financial company will pay an annual coupon of 8.25% on this issue, and has
invited bids from bankers and investors on Thursday, they said. 
    
 
  Here is the list of deals reported so far on Feb. 21
             Issuer                                                            
                     Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                  bln rupees)*    date         
                                                                               
 Can Fin Homes       3 years and   8.25           6+4             Feb. 22      AAA(Crisil,
                     3 months                                                  Icra)
             Tata    3 years       8.10           9.01            Feb. 20      AAA(Crisil,
 Capital Housing                                                               Icra)
 Finance                                                                       
                                                                               
             Kotak   2 years and   8.23           4.50            Feb. 20      AA (Crisil,
 Mahindra Prime      10 months                                                 India Ratings)
                                                                               
 Kotak Mahindra      3 years and   8.2250         6.50            Feb. 20      AA (Crisil,
 Prime               2 months                                                  India Ratings)
             LIC         10 years   7.70 (yield)           16.42  Feb. 20      AAA (Crisil,
 Housing Fin Feb                                                               Careedge)
 2034 reissue                                                                  
                                                                               
 
*Size includes base plus greenshoe for some issues



($1 = 82.8860 Indian rupees)

 (Reporting by Dharamraj Dhutia and Bhakti Tambe
Editing by Sonia Cheema)
 ((Dharamraj.dhutia@tr.com))