India New Issue-Godrej Properties accepts bids for bond issues, bankers say

Godrej Properties

26/07/2024 06:46

MUMBAI, July 26 (Reuters) - India's Godrej Properties  GODR.NS  has accepted bids worth
an aggregate of 12.75 billion rupees ($152.3 million) for bonds maturing three years and six
months and in five years, three bankers said on Friday.
    The company will pay an annual coupon of 8.55% and 8.40%, respectively, on these issues, and
had invited bids from bankers and investors on Thursday. 
    
 
  Here is the list of deals reported so far on July 26: 
             Issuer                                                               
                        Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                     bln rupees)*    date         
                                                                                  
 Godrej Properties      3 years and   8.40           9.35            July 25      AA+ (India
                        6 months                                                  Ratings)
 Godrej Properties      5 years       8.55           3.40            July 25      AA+ (India
                                                                                  Ratings)
             Tata       2 year and 2  To be decided  1+4             July 29      AAA (Crisil,
 Capital Housing        months                                                    Icra)
 Sept 2026 reissue                                                                
                                                                                  
 Tata Capital Housing   3 year and 3  To be decided  1+4             July 29      AAA (Crisil,
 Nov 2027 reissue       months                                                    Icra)
             LIC         9 years and  To be decided         7.50+15  July 29      AAA (Crisil,
 Housing                   10 months                                              Careedge)
 May 2034 reissue                                                                 
                                                                                  
 
*Size includes base plus greenshoe for some issues



($1 = 83.7210 Indian rupees)

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