India New Issue-Godrej Industries to issue multiple tenor bonds - traders

Godrej Industries

16/03/2023 02:45

MUMBAI, March 16 (Reuters) - India's Godrej Industries
 GODI.NS  plans to raise at least 2.50 billion rupees (around
$30.2 million) each, through the sale of bonds maturing in two
years and eight months, and in three years and two months, three
merchant bankers said on Thursday. 
    The company has invited coupon and commitment bids from
bankers and investors for the issues on Friday, the bankers
said.
    The bonds are rated AA by CRISIL and ICRA and the issues
will be settled next week. 
    The issues have a greenshoe option to retain an additional
2.50 billion rupees each and will mature in December 2025 and
June 2026.

($1 = 82.8800 Indian rupees)

 (Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by
Janane Venkatraman)
 ((Dharamraj.dhutia@tr.com))