India New Issue-Godrej Industries accepts bids for over 3-year bonds, bankers say

Godrej Industries

25/06/2024 10:56

MUMBAI, June 25 (Reuters) - India's Godrej Industries  GODI.NS  has accepted bids
aggregating to 5 billion rupees (nearly $60 million) for bonds maturing in three years and six
months, two bankers said on Tuesday.
    The bankers said Godrej will pay a coupon of 8.42% and had invited bids earlier in the day.
    In February, the company had raised 10 billion rupees via bonds maturing in two years and
six months, and another in three years and six months.

    
   Here is the list of deals reported so far on June 25: 
                                                                              
 Issuer             Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                 bln rupees)*    date         
                                                                              
 Godrej Industries  3 year and 6  8.42           5               June 25      AA (Crisil)
                    months                                                    
             India  12 years      To be decided  2+8             June 27      AAA (Crisil,
 Infradebt                                                                    Icra)
                                                                              
             ONGC   3 years       8.39           1.60            June 25      AA (Crisil,
 Petro additions                                                              Icra)
                                                                              
                    2 years and   To be decided  1.50+6          June 25      AAA (Icra)
 Citicorp Finance   1 month                                                   
                                                                              
             SBI    15 years      To be decided  50+50           June 26      AAA (India
                                                                              Ratings, Icra)
             HDB     3 years and           8.35               5  June 24      AAA (Crisil,
 Financial              3 months                                              Careedge)
 Sept 2027 reissue                                                            
                                                                              
 *Size includes base plus greenshoe for some issues

($1 = 83.4178 Indian rupees)

 (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Savio D'Souza)
 ((Bhakti.Tambe@thomsonreuters.com))