India New Issue-M&M Financial accepts bids for 3-year bonds, bankers say

Mahindra and Mahindra Financial Services

Yesterday 10:07

    MUMBAI, June 17 (Reuters) - India's Mahindra and Mahindra Financial Services MMFS.NS accepted bids worth 9.35 billion rupees ($98.90 million) in a sale of bonds maturing in three years, three bankers said on Wednesday.
It will pay a coupon of 7.90% and had invited commitment bids for the issue earlier in the day, they said. 
The company did not immediately respond to a Reuters email seeking comment. 
 
 Here is the list of deals reported so far on June 17: 

            Issuer
          

            Tenure
          

            Coupon (in %)
          

            Issue size (in bln rupees)*
          

            Bidding date
          

            Rating
          
Mahindra and Mahindra Financial Services
3 years
7.90
9.35
June 17
AAA (Crisil)

            Tata Capital Housing Finance
          
4 years
7.79
20
June 17
AAA (Crisil, Icra)

            Bajaj Finance September Reissue
          
2 years and 3 months
7.80 (yield)
13.90
June 17
AAA (Crisil)
     
*Size includes base plus greenshoe for some issues




($1 = 94.5400 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
 ((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))