India New Issue-HDFC seeks bids for 10-year bonds on Monday - bankers

Housing Development Finance

09/06/2023 05:56

MUMBAI, June 9 (Reuters) - India's Housing Development Finance Corp  HDFC.NS  (HDFC) has
invited bids for the issue of bonds maturing in 10 years on Monday, three merchant bankers said
on Friday. 
    On Thursday, Reuters reported that HDFC plans to raise up to 200 billion rupees ($2.43
billion) via 10-year bonds at a coupon of 7.75%. In May, HDFC raised 82.35 billion rupees via
bonds maturing in two years at a coupon of 7.80%.
    
 Below is the list of deals reported so far on June 9
             Issuer                                                                   
                         Tenure     Coupon (in %)  Issue size (in    Bidding       Rating
                                                    bln rupees)*      date            
                                                                                
        HDFC             10-yr          7.75          100+100        June 12    AAA (Crisil)
 Nexus Select Trust           3-yr           7.86               7    June 15    AAA (Crisil)
 Nexus Select Trust           5-yr      8.00                    3    June 15    AAA (Crisil)
 
*Size includes base plus greenshoe for some issuances


($1 = 82.4730 Indian rupees)

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