India New Issue-Godrej Industries accepts bids for bond issues, bankers say
02/05/2025 11:45
MUMBAI, May 2 (Reuters) - India's Godrej Industries GODI.NS has accepted bids worth 10 billion rupees ($118.4 million) for the sale of bonds maturing in four years and five years, three bankers said on Friday. The company will pay an annual coupon of 7.54% on the four-year papers and 7.59% on the five-year bonds and had invited coupon and commitment bids earlier in the day, the bankers said. Godrej Industries did not reply to a Reuters email seeking comment. Here is the list of deals reported so far on May 2:
| Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
| Godrej Industries | 4 years | 7.54 | 5 | May 2 | AA+ (Crisil) |
| Godrej Industries | 5 years | 7.59 | 5 | May 2 | AA+ (Crisil) |
| NHPC | 15 years | 6.86 | 19.45 | May 2 | AAA (Crisil, India Ratings) |
| IREDA | 5 years and 1 month | 7.00 | 15 | May 2 | AAA (Icra, India Ratings) |
| HUDCO | 5 years | 6.90 | 21.90 | May 2 | AAA (Icra, India Ratings) |
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