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LLOYDSME — Lloyds Metals And Energy News Story

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India New Issue-Lloyds Metals and Energy to issue 5-year bonds, bankers say

MUMBAI, Jan 27 (Reuters) - India's Lloyds Metals and Energy LYMT.NS plans to raise up to 6 billion rupees ($65.39 million), including a greenshoe option of 3 billion rupees, through the sale of bonds maturing in five years, three bankers said on Tuesday.

It has invited coupon and commitment bids for the issue on Thursday, they said.

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

 Here is the list of deals reported so far on January 27:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Lloyds Metals and Energy5 yearsTo be decided3+3January 29AA (Crisil, India Ratings)
Bajaj Finance8 to 10 years7.6510+45January 23AAA (Crisil)
*Size includes base plus greenshoe for some issues ($1 = 91.7512 Indian rupees) (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman) ((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))

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