India New Issue-Godrej Industries to issue multiple tenor bonds, bankers say

Godrej Industries

30/04/2025 04:15

MUMBAI, April 30 (Reuters) - India's Godrej Industries GODI.NS plans to raise 10 billion rupees ($117.32 million), including a greenshoe option of 5 billion rupees, through the sale of bonds maturing in four years and five years, three bankers said on Wednesday.

The company has invited coupon and commitment bids from bankers and investors for the issues on Friday, they said.

Godrej Industries did not reply to a Reuters email seeking comment.

   Here is the list of deals reported so far on April 30:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Godrej Industries
4 years
To be decided
2.50+2.50
May 2
AA+ (Crisil)
Godrej Industries
5 years
To be decided
2.50+2.50
May 2
AA+ (Crisil)
NHPC
15 years
To be decided
15+5
May 2
AAA (Crisil, India Ratings)
HUDCO
5 years
To be decided
5+25
May 2
AAA (Icra, India Ratings)

*Size includes base plus greenshoe for some issues

($1 = 85.2370 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)

 ((Dharamraj.dhutia@tr.com))