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EQUITASBNK — Equitas Small Finance Bank News Story

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India New Issue-Equitas Small Finance Bank accepts bids for bond issue, bankers say

MUMBAI, July 30 (Reuters) - India's Equitas Small Finance Bank EQUI.NS has accepted bids worth 5 billion rupees ($57.2 million) for bonds maturing in five years, three bankers said on Wednesday.

It will pay an annual coupon of 9.60% and had invited coupon and commitment bids for the issue earlier in the day, they said.

The company did not immediately respond to a Reuters email seeking comment.

 Here is the list of deals reported so far on July 30:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Equitas Small Finance Bank5 years9.605July 30AA- (Care)
*Size includes base plus greenshoe for some issues ($1 = 87.4410 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Sonia Cheema) ((Dharamraj.dhutia@tr.com))

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