India New Issue-HDB Financial Services to issue near 3-year bonds, bankers say
India New Issue-HDB Financial Services to issue near 3-year bonds, bankers say MUMBAI, June 30 (Reuters) - India's HDB Financial Services HDBF.NS plans to raise 14.5 billion rupees ($153.18 million), including a greenshoe option of 9.5 billion rupees, through a sale of bonds maturing in two years and 11 months, three bankers said on Tuesday.
It will pay a coupon of 7.90% and has invited commitment bids for the issue on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 30:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HDB Financial | 2 years and 11 months | 7.90 | 5+9.5 | July 1 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 94.6625 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Ronojoy Mazumdar)
((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))
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