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GODREJIND — Godrej Industries News Story

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India New Issue-Godrej Industries accepts bids for bond issue, bankers say

MUMBAI, Sept 18 (Reuters) - India's Godrej Industries GODI.NS has accepted bids worth 8 billion rupees ($91.13 million), for separately transferable redeemable principal part bonds maturing in five years and six months, three bankers said on Thursday.

The company will pay an annual coupon of 7.89% and had invited 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 18:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Godrej Industries5 years and 6 months7.898September 18AA+ (Crisil)
RCF3 years and 10 monthsTo be decided3+1September 23AA (Icra, India Ratings
Aditya Birla Housing Sept 2028 reissue3 years7.28 (yield)5September 18AAA (Crisil)
* Size includes base plus greenshoe for some issues ($1 = 88.1275 Indian rupees) (Reporting by Dharamraj Dhutia) ((Dharamraj.dhutia@tr.com))

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