India New Issue-HUDCO accepts bids for 5-year bonds, bankers say

Housing and Urban Development

15/05/2024 07:21

MUMBAI, May 15 (Reuters) - India's Housing and Urban Development Corp  HUDC.NS  (HUDCO)
has accepted bids worth 19.36 billion rupees ($231.86 million) bonds maturing in five years,
three bankers said on Wednesday.
    The company will offer a coupon of 7.48% and had invited bids from bankers and investors
earlier in the day, they said.
    
    Here is the list of deals reported so far on May 15: 
             Issuer                                                               
                        Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                     bln rupees)*    date         
                                                                                  
 HUDCO                  5 years       7.48           19.36           May 15       AAA (Icra,
                                                                                  India
                                                                                  Ratings)
             Bajaj      9 years and   7.90 (yield)   5               May 14       AAA (Crisil)
 Housing Finance Feb    9 months                                                  
 2034 reissue                                                                     
                                                                                  
             Bajaj           5 years   8.06 (yield)           13.05  May 14       AAA (Crisil)
 Finance                                                                          
 May 2029 reissue                                                                 
                                                                                  
 
*Size includes base plus greenshoe for some issues



($1 = 83.5000 Indian rupees)

 (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Sohini Goswami)
 ((Bhakti.Tambe@thomsonreuters.com))