India New Issue-HDFC Life Insurance to issue 10-year bonds, bankers say

HDFC Life Insurance

12/02/2025 03:48

MUMBAI, Feb 12 (Reuters) - India's HDFC Life Insurance  HDFL.NS  plans to raise 10
billion rupees ($115.6 million), including a greenshoe option of 1 billion rupees, selling
subordinated bonds maturing in 10 years, three bankers said on Wednesday.
    The insurer has invited bids from bankers and investors for the issue on Thursday, they
said.
    The company did not immediately reply to a Reuters email seeking comment.
    
 
 Here is the list of deals reported so far on February 12
                                                                      
   Issuer   Tenure        Coupon (in %)  Issue size (in  Bidding      
                                         bln rupees)*    date         Rating
                                                                      
                                                                      
 HDFC Life      10 years  To be decided             9+1  Feb. 13      AAA
 Insurance                                                            (Icra)
 
*Size includes base plus greenshoe for some issues

($1 = 86.5420 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
 ((Dharamraj.dhutia@tr.com))