India New Issue-Godrej Housing Finance to issue 5-year bonds, bankers say

Godrej Properties

27/02/2025 03:14

MUMBAI, Feb 27 (Reuters) - India's Godrej Housing Finance plans to raise 5 billion rupees ($57.41 million), including a greenshoe option of 2.50 billion rupees, through the sale of bonds maturing in five years, three bankers said on Thursday.

It will pay an annual coupon of 8.17% on this issue and has invited bids from bankers and investors for the issue on Friday, they said.

The company did not immediately reply to a Reuters email seeking comment.

  Here is the list of deals reported so far on February 27:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Godrej Housing Finance
5 years
8.17
2.50+2.50
Feb. 28
AA+ (Crisil, Care)
Bajaj Finance Feb 2030 reissue
5 years
To be decided
4.05+20.25
Feb. 27
AAA (Crisil)

*Size includes base plus greenshoe for some issues

($1 = 87.1000 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

 ((Dharamraj.dhutia@tr.com))