India New Issue-IREDA to issue 3-year bonds, bankers say
India New Issue-IREDA to issue 3-year bonds, bankers say MUMBAI, June 19 (Reuters) - Indian Renewable Energy Development Agency INAR.NS plans to raise 15 billion rupees ($158.85 million) through the sale of bonds maturing in three years and six days, two traders said on Friday.
The company has invited coupon and commitment bids for the issue on Monday, they said.
IREDA did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
IREDA | 3 year and 6 days | To be decided | 3+12 | June 22 | AAA (Icra, India ratings) |
Torrent Power | 3 year | 8.10 | 7.5 | June 23 | AA+ (Crisil, India Ratings) |
Torrent Power | 5 year | 8.15 | 10 | June 23 | AA+ (Crisil, India Ratings) |
Torrent Power | 7 year | 8.20 | 10 | June 23 | AA+ (Crisil, India Ratings) |
Torrent Power | 10 year | 8.20 | 10.5 | June 23 | AA+ (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.4300 Indian rupees)
(Reporting by Dharamraj Dhutia)
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