India New Issue-DLF likely to issue shorter duration bonds soon - bankers

DLF

01/02/2024 02:05

MUMBAI, Feb 1 (Reuters) - India's DLF  DLF.NS  is likely to raise 20 billion rupees
($240.76 million) through the sale of shorter duration bonds, three merchant bankers said on
Thursday.
    The real estate company may look to raise funds via bonds maturing in two years to five
years, they added.
    The company had last raised five billion rupees through the sale of three-year bonds at an
8.25% annual coupon in March 2021.

    
 
 Here is the list of deals reported so far on Feb. 1
                                                                          
 Issuer         Tenure        Coupon (in %)  Issue size (in  Bidding       Rating
                                             bln rupees)*    date         
                                                                          
 DLF             Up to 5 yrs  To be decided              20  To be        AA (Icra)
                                                             decided      
 GR                    5 yrs  8.35                        1  Feb. 2       AA+
 Infraprojects                                                            (Careedge)
 
*Size includes base plus greenshoe for some issues



($1 = 83.0700 Indian rupees)

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