India New Issue-Godrej Industries to issue STRPP bonds, bankers say
India New Issue-Godrej Industries to issue STRPP bonds, bankers say MUMBAI, June 19 (Reuters) - India's Godrej Industries GODI.NS plans to raise up to 10 billion rupees ($105.86 million) through two series of separately transferable redeemable principal part, or STRPP, bonds maturing in five years and three months and five years and six months, three bankers said on Friday.
It has invited coupon and commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Godrej Industries STRPP bonds | 5 years and 6 months | To be decided | 5 | June 22 | AA+ (Crisil, Icra) |
Godrej Industries STRPP bonds | 5 years and 3 months | To be decided | 5 | June 22 | AA+ (Crisil, Icra) |
India Infradebt | 5 years and 6 months | 7.92 | 5+10 | June 22 | AAA (Icra, Crisil) |
Embassy Office Parks REIT | 3 years | 7.49 (payable quarterly) | 7 | June 22 | AAA (Crisil, Care) |
IREDA | 3 year and 6 days | To be decided | 3+12 | June 22 | AAA (Icra, India ratings) |
Torrent Power | 3 year | 8.10 | 7.5 | June 23 | AA+ (Crisil, India Ratings) |
Torrent Power | 5 year | 8.15 | 10 | June 23 | AA+ (Crisil, India Ratings) |
Torrent Power | 7 year | 8.20 | 10 | June 23 | AA+ (Crisil, India Ratings) |
Torrent Power | 10 year | 8.20 | 10.5 | June 23 | AA+ (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.4625 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))
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