India New Issue-Lloyds Metals to issue 10-year bonds, bankers say
India New Issue-Lloyds Metals to issue 10-year bonds, bankers say MUMBAI, Aug 4 (Reuters) - India's Lloyds Metals and Energy LYMT.NS plans to raise 7 billion rupees ($73.5 million)through sale of bonds maturing in 10 years, three bankers said on Tuesday.
The firm will pay a coupon of 9%, and has invited commitment bids for the issue on Wednesday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 4:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Lloyds Metals and Energy | 10 years | 9.00 | 7 | August 5 | AA (Crisil, India Ratings) |
HDB Financial | 2 year and 11 months | 7.80 (yield) | 4.5+5.5 | August 5 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 95.2800 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
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