India New Issue-Godrej Industries accepts bids for STRPP bonds, bankers say

Godrej Industries

Mon 10:20

    MUMBAI, June 22 (Reuters) - India's Godrej Industries GODI.NS accepted bids worth 10 billion rupees ($105.6 million), in a sale of separately transferable redeemable principal part, or STRPP, bonds maturing in five years and three months and five years and six months, three bankers said on Monday. 
The firm will pay a coupon of 8.23% and had invited commitment 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 June 22: 

            Issuer
          

            Tenure
          

            Coupon (in %)
          

            Issue size (in bln rupees)*
          

            Bidding date
          

            Rating
          
Godrej Industries
5 years and 3 months
8.23
5
June 22
AA+ (Crisil, Icra)
Godrej Industries
5 years and 6 months
8.23
5
June 22
AA+ (Crisil, Icra)

            Embassy Office Parks REIT
          
3 years
7.49 (payable quarterly)
7
June 22
AAA (Crisil, Care)

            IREDA
          
3 years and six days
7.34
15
June 22
AAA (Icra, India ratings)

*Size includes base plus greenshoe for some issues



($1 = 94.6650 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
 ((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))