India New Issue-Godrej Industries accepts bids for over 5-year bonds, bankers say
India New Issue-Godrej Industries accepts bids for over 5-year bonds, bankers say MUMBAI, Sept 16 (Reuters) - India's Godrej Industries GODI.NS accepted bids worth 7.5 billion rupees ($78.17 million) in a sale of bonds maturing in five years and six months, three bankers said on Wednesday.
It will pay an annual coupon of 8.50% and had invited commitment bids for the issue earlier in the day, they said.
Godrej Industries did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 16:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Godrej Industries | 5 years and 6 months | 8.50 | 7.5 | September 16 | AA+ (Crisil, Icra) |
Bajaj Housing Finance 2036 reissue | 9 years, 10 months and 17 days | To be decided | 5+10 | September 17 | AAA(Crisil, India Ratings) |
Reliance Industries | 5 years | 7.47 | 125 | September 15 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.9400 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia)
((Khushi.malhotra@tr.com, Dharamraj.dhutia@tr.com))
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