India New Issue-IREDA accepts bids for over 3-year bonds, bankers say
India New Issue-IREDA accepts bids for over 3-year bonds, bankers say MUMBAI, June 22 (Reuters) - Indian Renewable Energy Development Agency (IREDA) INAR.NS accepted bids worth 15 billion rupees ($158.4 million) in a sale of bonds maturing in three years and six days, three bankers said on Monday.
The company will pay a coupon of 7.34% and had invited commitment bids for the issue earlier in the day, they said.
IREDA did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IREDA | 3 years and six days | 7.34 | 15 | June 22 | AAA (Icra, India ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.6975 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Varun H K)
((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))
Recent news on Indian Renewable Energy Development Agency
See all newsIndia New Issue-IREDA accepts bids for over 3-year bonds, bankers say
India New Issue-IREDA to issue 3-year bonds, bankers say
Brief: IREDA Signs Facility Agreement For Raising External Commercial Borrowing From Sumitomo Mitsui Banking Corp
Brief: IREDA Approves Enhancement Of Borrowing Plan For FY2025-26 To 358 Bln Rupees
Brief: IREDA Approved Fundraise Via Share Issue Worth Up To 29.94 Billion Rupees