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LLOYDSME — Lloyds Metals And Energy News Story

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India New Issue-Lloyds Metals and Energy accepts bids for 5-year bonds, bankers say

MUMBAI, Jan 29 (Reuters) - India's Lloyds Metals and Energy LYMT.NS accepted bids worth 6 billion rupees ($65.27 million) for the sale of bonds maturing in five years, three bankers said on Thursday.

It will pay a coupon of 9.20% and had invited commitment bids for the issue on Thursday, they said.

The company did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on January 29:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Lloyds Metals and Energy5 years9.206January 29AA (Crisil, India Ratings)
NABARD3 years and 1 month7.2768.64January 29AAA (Icra, Crisil)
*Size includes base plus greenshoe for some issues ($1 = 91.9300 Indian rupees) (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair) ((Dharamraj.dhutia@tr.com, khuhsi.malhotra@tr.com))

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