India New Issue-GIC Housing Finance to issue 21-month bonds – traders

GIC Housing Finance

22/02/2023 02:27

MUMBAI, Feb 22 (Reuters) - India's GIC Housing Finance
plans to raise 3.25 billion Indian rupees ($39.24 million)
through sale of bonds maturing in 21 months, two merchant
bankers said on Wednesday. 
    The non-banking finance company has invited coupon and
commitment bids from bankers and investors on Thursday, they
said. 
    The notes are rated AA+ by CRISIL and the issue will close
for subscription on Friday. 
    The first bond issue by the company in this financial year
will mature in November 2024. 
($1 = 82.8330 Indian rupees)
 (Reporting by Dharamraj Dhutia
Editing by Vinay Dwivedi)
 ((Dharamraj.dhutia@tr.com))