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India New Issue-HDB Financial Services to raise 5 billion rupees via bonds, bankers say

MUMBAI, Aug 28 (Reuters) - India's HDB Financial Services HDBF.NS plans to raise 5 billion rupees ($57.08 million), including a greenshoe option of 3.75 billion rupees, through the sale of bonds maturing in three years and one month, three bankers said on Thursday.

It has invited coupon and commitment bids for the issue on Friday, they said.

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

Here is the list of deals reported so far on August 28:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
HDB Financial Services3 years and 1 monthTo be decided1.25+3.75August 29AAA (Crisil)
Tata Power Renewable Energy15 years7.6515August 29AA+ (Icra, India Ratings)
Aditya Birla Capital3 years, 8 months and 27 dayszero coupon1+4August 29AAA(Crisil, Icra)
Delhi International Airport15 years8.75 (quarterly)10August 29AA- (Icra, India Ratings)
* Size includes base plus greenshoe for some issues ($1 = 87.60 Indian rupees) (Reporting by Khushi Malhotra, Dharamraj Dhutia; Editing by Harikrishnan Nair) ((Khushi.malhotra@tr.com, Dharamraj.dhutia@tr.com))

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