India New Issue-Macrotech Developers accepts bids for 3-yr bonds - bankers

Lodha Developers

30/08/2023 10:02

MUMBAI, Aug 30 (Reuters) - India's Macrotech Developers  MACE.NS  has accepted bids
worth 4.05 billion rupees ($48.96 million) for bonds maturing in three years, two merchant
bankers said on Wednesday.
    It had invited bids from bankers and investors earlier in the day.
 
 Here is the list of deals reported so far on Aug. 30: 
                                                                              
 Issuer             Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                 bln rupees)*    date         
                                                                              
 Macrotech          3-yr          9.50           4.05            Aug. 30      A+ (Icra)
 Developers                                                                   
                    2-yr          7.95           5               Aug. 30      AAA (ICRA)
 Sundaram Finance                                                             
                                                                              
             Bajaj  5-yr          To be decided  5 + 10          Aug. 31      AAA (Crisil)
 Housing Finance                                                              
                                                                              
                    2-yr          8.03           5               Aug. 31      AAA (Crisil,
 Embassy Office                                                               Care)
 Parks REIT                                                                   
                                                                              
                     9-yr and 10  8.25% (yield)             2.7  Aug. 29      AAA (Icra,
 Aditya Birla               mnts                                              India Ratings)
 Finance reissue                                                              
                                                                              
 ESAF Small           5-yr and 8  11.25               0.5 + 0.5  Sept. 1      A(Care)
 Finance Bank               mnts                                              
 
*Size includes base plus greenshoe for some issues

($1 = 82.7237 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
 ((Dharamraj.dhutia@tr.com))