India New Issue-SIDBI accepts bids for over 3-yr bonds, bankers say

Indian Renewable Energy Development Agency

21/06/2024 08:59

MUMBAI, June 21 (Reuters) - Small Industries Development Bank of India (SIDBI) has
accepted bids worth 21.23 billion rupees ($254.18 million) for bonds maturing in three
years, two months and 16 days, three bankers said on Friday.
    The state-run company has set a coupon of 7.68%% on the bond issue, for which it
invited bids earlier in the day. 
    In March, SIDBI had raised 34.23 billion rupees via bonds maturing in three years, four
months and 15 days at a coupon of 7.68%.
    
   Here is the list of deals reported so far on June 21: 
                                                                            
 Issuer           Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                               bln rupees)*    date         
                                                                            
 SIDBI            3 years, 2    7.68           21.23           June 21      AAA (Crisil,
                  months and                                                Careedge)
                  16 days                                                   
                  10 years and  7.44           15              June 21      AAA (Icra)
 IREDA            2 months                                                  
                                                                            
                  10 years      To be          150             To be        AAA (Crisil,
 HDFC Bank                      deecided                       decided      Careedge)
                                                                            
                  5 years       8.64           5               June 24      AA+ (Icra,
 Cholamandalam                                                              India Ratings)
 Investment                                                                 
                                                                            
                  3 years       8.12           5               June 20      AAA (Icra)
 Kotak Mahindra                                                             
 Prime                                                                      
                                                                            
                  19 years and  To be decided            6.48  June 24      AAA (India
 Cube Highways        9 months                                              Ratings)
 Trust                                                                      
                                                                            
 *Size includes base plus greenshoe for some issues


($1 = 83.5250 Indian rupees)

 (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Janane Venkatraman
)
 ((Bhakti.Tambe@thomsonreuters.com))