India New Issue-IIFL Finance to issue 2-year bonds, bankers say

IIFL Finance

29/11/2024 07:26

MUMBAI, Nov 29 (Reuters) - India's IIFL Finance  IIFL.NS  plans to raise 10 billion
rupees ($118.3 million) through the sale of bonds maturing in two years, three bankers said on
Friday.
    It has 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 query seeking comment. 
    
 
    Here is the list of deals reported so far on Nov. 29: 
                                                                                
 Issuer             Tenure          Coupon (in %)  Issue size (in  Bidding      Rating
                                                   bln rupees)*    date         
                                                                                
 IIFL Finance       2 years         9.80           5+5             Dec. 2       AA (Crisil)
                    STRPP - 3 year  To be decided  50+50           Dec. 5       AA (CE) India
 Telangana          to 10 years                                                 Ratings
 Industrial Infra                                                               
                                                                                
                    10 years        8.92           10+10           Nov. 29      AA+ (Icra)
 Cholamandalam                                                                  
 Investment                                                                     
                                                                                
             LIC    3 years         7.75           13.15           Nov. 28      AAA (Crisil,
 Housing Finance                                                                Icra)
                                                                                
                    10 years        7.22           10              Nov. 25      AAA (Crisil,
 Ultratech Cement                                                               India Ratings)
                                                                                
             SIDBI  3 year 6 month  7.51           49.18           Nov. 25      AAA (Crisil,
                    and 16 days                                                 Care)
             IREDA         7 years           7.37              20  Nov. 25      AAA (Icra)
                                                                                
    
 * Size includes base plus greenshoe for some issues


($1 = 84.4990 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Sumana Nandy)
 ((Dharamraj.dhutia@tr.com))