India New Issue-Godrej Industries to issue over 3-year bonds - bankers

Godrej Industries

22/09/2023 05:35

MUMBAI, Sept 22 (Reuters) - India's Godrej Industries  GODI.NS  plans to raise at least
2.5 billion rupees through the sale of bonds maturing in three years and five months, three
bankers said on Friday.
    The company has invited coupon and commitment bids for the issue on Monday, they said. 

                                                                        
 Issuer       Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                           bln rupees)*    date         
                                                                        
 Godrej         3-yr and 5  To be decided         2.5+2.5  Sept. 25     AA (Crisil)
 Industries           mnts                                              
 HDFC Ergo           10-yr  8.15                      3.2  Sept. 25     AAA (Crisil)
 General                                                                
 Insurance                                                              
 Co                                                                     
 
*Size includes base plus greenshoe for some issuances


 (Reporting by Bhakti Tambe; Editing by Mrigank Dhaniwala)
 ((Bhakti.Tambe@thomsonreuters.com))