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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

- 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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