India New Issue-IIFL Finance accepts bids for 2-year bonds, bankers say

IIFL Finance

03/12/2024 04:13

MUMBAI, Dec 3 (Reuters) - India's IIFL Finance  IIFL.NS  has accepted bids worth 6
billion rupees ($70.81 million) for bonds maturing in two years, three bankers said on Tuesday.
    It will pay an annual coupon of 9.80% and invited commitment bids for the issue on Monday,
they said.
    The bonds have a put and call option at the end of one year.
    The company did not immediately respond to a Reuters request for comment.
    
 
   Here is the list of deals reported so far on Dec. 3
                                                                             
 Issuer            Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                bln rupees)*    date         
                                                                             
 IIFL Finance      2 years       9.80           6               Dec. 2       AA (Crisil)
                   10 years      7.19           15              Dec. 4       AAA (Crisil,
 Larsen & Toubro                                                             India Ratings)
                                                                             
             LIC    9 years and  To be decided           10+15  Dec. 4       AAA (Crisil,
 Housing May 2034      6 months                                              Icra)
 reissue                                                                     
                                                                             
    
 *Size includes base plus greenshoe for some issues



($1 = 84.7280 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Abinaya Vijayaraghavan)
 ((Dharamraj.dhutia@tr.com))