India New Issue-HDB Financial Services to reissue August 2029 bonds, bankers say
India New Issue-HDB Financial Services to reissue August 2029 bonds, bankers say MUMBAI, Sept 7 (Reuters) - India's HDB Financial Services HDBF.NS plans to raise 20 billion rupees ($211.82 million), including a greenshoe option of 10 billion rupees, through the reissue of 8.05% August 8, 2029 bonds, three merchant bankers said on Monday.
The issuer has invited bids from bankers and investors on Tuesday.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on September 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HDB Financial | 2 years and 11 months | To be decided | 10+10 | September 8 | AAA (Care, Crisil) |
Shriram Finance | 3 years | 7.85 (yield) | 10+20 | September 8 | AAA (Care, Icra) |
Bajaj Housing | 5 years | 8.10 (yield) | 5+15 | September 7 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.4200 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
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