India New Issue-HUDCO to issue over 3-year bonds, bankers say

Housing and Urban Development

Mon 08:13

    MUMBAI, June 15 (Reuters) - India's Housing and Urban Development Corporation HUDC.NS plans to raise up to 30 billion rupees ($316.84 million), including a greenshoe option of 25 billion rupees, through a sale of bonds maturing in three years and one month, three bankers said on Monday. 
It has invited coupon and commitment bids for the issue on Tuesday, they said. 
The company did not immediately respond to a Reuters email seeking comment.

 Here is the list of deals reported so far on June 15: 

            Issuer
          

            Tenure
          

            Coupon (in %)
          

            Issue size (in bln rupees)*
          

            Bidding date
          

            Rating
          
HUDCO
3 years and 1 month
To be decided 
5+25
June 16
AAA (Icra, Care)

            L&T Finance
          
3 years
8.12
15
June 12
AAA (Crisil, Care)

            Sundaram Finance
          
3 years and 2 months
7.95
12.60
June 12
AAA (Crisil)

            LIC Housing
          
5 years
7.59
11.50
June 12
AAA (Crisil, Care)

*Size includes base plus greenshoe for some issues


($1 = 94.6850 Indian rupees)

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