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

Godrej Industries

18/11/2024 02:55

MUMBAI, Nov 18 (Reuters) - India's Godrej Industries  GODI.NS  plans to raise 10 billion
rupees ($118.44 million), which will include a greenshoe option of 5 billion rupees through sale
of bonds maturing in three years and six months and in five years, three bankers said on Monday.
    The company has invited bids from bankers and investors for the issue on Tuesday, they said.
    The company did not immediately respond to a Reuters query seeking comment. 
    
 
 Here is the list of deals reported so far on Nov. 18: 
                                                                        
 Issuer       Tenure        Coupon (in %)  Issue size (in  Bidding      
                                           bln rupees)*    date         Rating
                                                                        
                                                                        
 Godrej        3 years and         8.1250       2.50+2.50  Nov. 19      AA+
 Industries       6 months                                              (Icra)
 Godrej            5 years  8.15                2.50+2.50  Nov. 19      AA+
 Industries                                                             (Icra)
 
   * Size includes base plus greenshoe for some issues

   ($1 = 84.4340 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
 ((Dharamraj.dhutia@tr.com))