India New Issue-Godrej Industries seeks bids for multiple-tenor bonds - bankers

Godrej Industries

26/02/2024 07:32

MUMBAI, Feb 26 (Reuters) - Godrej Industries  GODI.NS  plans to raise an aggregate of up
to 10 billion rupees ($120.65 million) through two bonds, one maturing in two years and six
months and the other in three years and six months, three bankers said on Monday.
    The company has invited bids from investors from bankers and investors for both the
issuances on Tuesday, they said.
    In September, Godrej Industries raised 4 billion rupees from bonds maturing in three years
and five months at a coupon of 8.29%.
 
 Here is the list of deals reported so far on Feb. 26: 
                                                                          
 Issuer         Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                             bln rupees)*    date         
                                                                          
 Godrej         2 years and   To be decided  2.5+2.5         Feb. 27      AA (Crisil,
 Industries     6 months                                                  Icra)
 Godrej         3 years and   To be decided  2.5+2.5         Feb. 27      AA (Crisil,
 Industries     6 months                                                  Icra)
 IRFC           10 years      7.44           30              Feb. 26      AAA
                                                                          (Crisil,
                                                                          Icra)
                5 years       8.65           5+5             Feb. 27      AA+ (Icra)
 Cholamandalam                                                            
 Investment                                                               
 and Finance                                                              
                                                                          
                    10 years  To be decided             7.5  Feb. 27      AAA
 SBI Cards and                                                            (Crisil,
 Payment                                                                  Icra)
 Services                                                                 
                                                                          
 

($1 = 82.8850 Indian rupees)

 (Reporting by Bhakti Tambe; Editing by Sonia Cheema)
 ((Bhakti.Tambe@thomsonreuters.com))