India New Issue-Fortis Healthcare to issue 5-year bonds, bankers say

Fortis Healthcare

11/10/2024 09:51

MUMBAI, Oct 11 (Reuters) - India's Fortis Healthcare  FOHE.NS  plans to raise 15.50
billion rupees ($184.5 million) through the sale of bonds maturing in five years, three bankers
said on Friday.
    It will invite coupon and commitment bids for the issue next week, they said.
    
 
  Here is the list of deals reported so far on Oct 11: 
                                                                            
 Issuer           Tenure        Coupon (in %)  Issue size (in  Bidding        Rating
                                               bln rupees)*    date         
                                                                            
 Fortis           5 years       To be decided  15.50           To be        AA
 Healthcare                                                    decided      (Crisil)
                  2 years and   7.92           5               Oct. 15      AAA
 Nexus Select     8 months                                                  (Icra)
 Trust                                                                      
                                                                            
 Nexus Select     3 years and   7.94           4               Oct. 15      AAA
 Trust            8 months                                                  (Icra)
                  5 years       To be decided  1               Oct. 16      AA-
 Rajkot                                                                     (Crisil)
 Municipal Corp                                                             
                                                                            
 
*Size includes base plus greenshoe for some issue

($1 = 84.0300 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Varun H K)
 ((Dharamraj.dhutia@tr.com))