India New Issue-HUDCO accepts bids for over 3-year bonds, bankers say

Housing and Urban Development

Tue 08:21

    MUMBAI, June 16 (Reuters) - India's Housing and Urban Development Corporation HUDC.NS has accepted bids worth 21.40 billion rupees ($226.05 million) in a sale of bonds maturing in three years and one month, three bankers said on Tuesday. 
It will pay a coupon of 7.23% and had invited commitment bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on June 16: 

            Issuer
          

            Tenure
          

            Coupon (in %)
          

            Issue size (in bln rupees)*
          

            Bidding date
          

            Rating
          
HUDCO
3 years and 1 month
7.23
21.40
June 16
AAA (Icra, Care)

            SIDBI
          
5 years
7.40
60
June 16
AAA(Care, Crisil)

            Jio Credit
          
5 years
8.15
15
June 15
AAA (Crisil, Care)
Aditya Birla Capital 
5 years
8.26
5
June 15
AAA (Crisil)

            Aditya Birla Capital Sept 2029 reissue
          
3 years and 3 months
8.07 (yield)
6.3
June 15
AAA (Crisil)

*Size includes base plus greenshoe for some issues



($1 = 94.6700 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
 ((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))