India New Issue-HDB Financial to reissue 3-year bonds, bankers say
India New Issue-HDB Financial to reissue 3-year bonds, bankers say MUMBAI, July 21 (Reuters) - India's HDB Financial Services HDBF.NS plans to raise up to 10 billion rupees ($103.91 million), including a greenshoe option of 6 billion rupees, through the reissue of 8.2301% July 2029 bond, three bankers said on Tuesday.
It will offer a yield of 7.75%, 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 July 21:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HDB Financial Services Reissue of 8.2301% July 2029 bond | 3 years | 7.75 (yield) | 4+6 | July 22 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 96.2325 Indian rupees)
(Reporting by Khushi Malhotra)
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