India New Issue-Godrej Properties to issue multiple-tenor bonds, bankers say

Godrej Properties

25/07/2024 04:45

MUMBAI, July 25 (Reuters) - India's Godrej Properties  GODR.NS  plans to raise up to
13.4 billion rupees ($160.1 million) by issuing two bonds, one maturing in three years and six
months and the other in five years, three bankers said on Thursday.
    The company has invited bids for the issue later in the day.
 
 Here is the list of deals reported so far on July 25:
 Issuer     Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                         bln rupees)*    date         
 Godrej     3 years and   To be decided  5+5             July 25      AA+ (India
 Propertie  6 months                                                  Ratings)
 s                                                                    
 Godrej     5 years       To be decided  1+2.4           July 25      AA+ (India
 Propertie                                                            Ratings)
 s                                                                    
 Bajaj           5 years           7.98       2.5 + 7.5  July 30      AAA
 Finance                                                              (Crisil)
 * Size includes base plus greenshoe for some issues
 
 ($1 = 83.7170 Indian rupees)

 (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Savio D'Souza)
 ((Bhakti.Tambe@thomsonreuters.com))