India New Issue-Gabriel India accepts bids for 3-year bonds, bankers say
India New Issue-Gabriel India accepts bids for 3-year bonds, bankers say MUMBAI, Sept 9 (Reuters) - Gabriel India GABR.NS had accepted bids worth 10 billion rupees ($105.18 million) in a sale of bonds maturing in three years, three bankers said on Wednesday.
It will pay a coupon of 8.15% and had invited commitment bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 9:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Gabriel India | 3 years | 8.15 | 10 | September 9 | AA+ (Crisil) |
Larsen & Toubro | 3 years | 7.40 | 5 | September 9 | AAA (Crisil, India Ratings |
Sammaan Capital | 3 years | 9.05 | 2.50+2.50 | September 10 | AA+ (Crisil, Icra) |
Sammaan Capital | 5 years | 9.10 | 2.50+2.50 | September 10 | AA+ (Crisil, Icra) |
Sundaram Home Finance | 5 years | 8.09 | 5.10 | September 10 | AAA (Icra) |
Aditya Birla Capital May 2029 reissue | 2 years and 8 months | 8.08 (yield) | 4.50 | September 8 | AAA (Crisil, Icra) |
Aditya Birla Capital Sept 2029 reissue | 3 years | 8.09 (yield) | 11 | September 8 | AAA (Crisil, Icra) |
Aditya Birla Capital June 2031 reissue | 4 years and 10 months | 8.20 (yield) | 4.50 | September 8 | AAA (Crisil, Icra) |
Aditya Birla Capital Aug 2031 reissue | 4 years and 11 months | 8.20 (yield) | 3.25 | September 8 | AAA (Crisil, Icra) |
* Size includes base plus greenshoe for some issues
($1 = 95.0725 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))
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