India New Issue-Cube Highways accepts bids for 5-year bonds, bankers say
India New Issue-Cube Highways accepts bids for 5-year bonds, bankers say MUMBAI, Sept 29 (Reuters) - India's Cube Highways Trust CUBH.NS accepted bids worth 11.50 billion rupees ($119.82 million)for the sale of bonds maturing in five years, three bankers said on Tuesday.
It will pay a coupon of 7.50% and had invited commitment bids for the issue on Monday, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on September 29:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cube Highways Trust | 5 years | 7.50 | 11.50 | September 28 | AAA (Crisil) |
Summit Digitel | 3 years | To be decided | 8.5 | September 30 | AAA(Crisil) |
Delhi International Airport | 15 years | 8.71 | 24.50 | September 29 | AA (Icra) |
Vedanta | 3 years | 8.75 | 14 | September 29 | AA+ (Icra, Crisil) |
Reliance Industries | 10 years | 7.90 | 120+10 | September 30 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 95.9800 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Ronojoy Mazumdar)
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