India New Issue-Central Bank of India to issue 10-year bonds - bankers

Central Bank of India

25/08/2023 11:53

MUMBAI, Aug 25 (Reuters) - Central Bank of India  CBI.NS  plans to raise at least 5
billion rupees ($60.5 million) through the sale of Basel III compliant Tier II bonds maturing in
10 years, three bankers said on Friday.
    The state-run bank has invited coupon and commitment bids from bankers and investors on
Tuesday. 
 
 
 Here is the list of deals reported so far on Aug. 25: 
 Issuer                     Tenure            Coupon    Issue size (in  Bidding   Rating
                                              (in %)    bln rupees)*    date      
 Central Bank of India      10-yr             To be     5 + 10          Aug. 29   AA- (Crisil)
                                              decided                             
             LIC Housing    1-yr and 10 mnts  7.7850    17.84           Aug. 25   AAA (Crisil,
 Finance                                      (yield)                             Care)
                                                                                  
             Embassy        5-yr              8.10      5               Aug. 25   AAA (Crisil,
 Office Parks REIT                                                                Care)
                                                                                  
             Tata           3-yr              7.75      17.50           Aug. 28   AAA (Care)
 Communications                                                                   
                                                                                  
 
*Size includes base plus greenshoe for some issuance
*Size includes base plus greenshoe for some issuances



($1 = 82.6381 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by)
 ((Dharamraj.dhutia@tr.com))