India New Issue-HDB Financial Services accepts bids for bond reissue, bankers say
India New Issue-HDB Financial Services accepts bids for bond reissue, bankers say MUMBAI, Sept 8 (Reuters) - India's HDB Financial Services HDBF.NS has accepted bids worth 20 billion rupees ($210.86 million) for the reissue of 8.05% August 8, 2029 bonds, three merchant bankers said on Tuesday.
The issuer will offer a yield of 7.9606% and had invited bids from bankers and investors earlier in the day, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on September 8:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HDB Financial | 2 year and 11 months | 7.9606 (yield) | 20 | September 8 | AAA (Care, Crisil) |
Shriram Finance Sept 2029 reissue | 3 years | 7.85 (yield) | 22 | September 8 | AAA (Care, Icra) |
Vertis Infra Trust | 6 years | 7.63 (quarterly) | 14.25 | September 9 | AAA (Crisil) |
Larsen & Toubro | 3 years | 7.40 | 5 | September 9 | AAA (Crisil, India Ratings) |
Bajaj Finance | 3 years and 6 months | 8.09 (yield) | 20.50 | September 7 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.8500 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
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