India New Issue-Muthoot Finance accepts bids for 10-year bond issue, bankers say
India New Issue-Muthoot Finance accepts bids for 10-year bond issue, bankers say MUMBAI, June 2 (Reuters) - India's Muthoot Finance MUTT.NS has accepted bids worth 15 billion rupees ($157.61 million) for bonds maturing in 10 years, three bankers said on Tuesday.
The company will pay an annual coupon of 8.55% and had invited coupon and 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 2
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 10 years | 8.55 | 15 | June 2 | AA+ (Icra, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.1700 Indian rupees)
(Reporting by Dharamraj Dhutia)
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