India New Issue-Shree Cement accepts bids for over 7-yr bonds - bankers

Godrej Industries

25/09/2023 12:22

MUMBAI, Sept 25 (Reuters) - India's Shree Cement  SHCM.NS  has accepted bids worth 7
billion rupees ($84.2 million) for bonds maturing in seven years and one month, two bankers said
on Monday.
    The company will pay an annual coupon of 7.80% on this issue and had invited bids from
bankers and investors earlier in the day, they said.
 
 
 Here is the list of deals reported so far on Sept. 25: 
                                                                             
 Issuer            Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                bln rupees)*    date         
                                                                             
 Shree Cement      7-yr and 1    7.80           7               Sept. 25     AAA (Crisil,
                   mnt                                                       Care)
                   3-yr and 5    8.29           4               Sept. 25     AA (Crisil)
 Godrej            mnts                                                      
 Industries                                                                  
                                                                             
             REC   Perpetual     8.03           10.9            Sept. 25     AAA (Crisil)
                                                                             
                           2-yr         8.0415       0.5 + 1.5  Sept. 26     AAA (Crisil)
 Kotak Mahindra                                                              
 Investments                                                                 
                                                                             
                   3-yr          8.0359         1 + 2.4         Sept. 26     AAA (Crisil)
 Kotak Mahindra                                                              
 Investments                                                                 
                                                                             
 L&T Finance         9-yr and 8  To be decided       0.5 + 1.5  Sept. 26     AAA (Crisil,
 reissue                   mnts                                              India Ratings)
 
*Size includes base plus greenshoe for some issues





($1 = 83.1030 Indian rupees)

 (Reporting by Dharamraj Dhutia and Bhakti Tambe;Editing by Dhanya Ann Thoppil)
 ((Dharamraj.dhutia@tr.com))