India New Issue-Muthoot Finance accepts bids for 5-year bonds, bankers say
India New Issue-Muthoot Finance accepts bids for 5-year bonds, bankers say MUMBAI, June 12 (Reuters) - India's Muthoot Finance MUTT.NS accepted bids worth 24.75 billion rupees ($260.42 million) on a sale of five-year bonds, three bankers said on Friday.
It will pay a coupon of 8.65% and had invited commitment bids for the issue on Thursday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 12:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 5 years | 8.65 | 24.75 | June 11 | AA+ (Crisil, Icra) |
Bajaj Housing Finance 8.25% bond reissue | 5 years | 7.95 | 20 | June 11 | AAA (Crisil) |
NaBFID | 3 years and 1 month | 7.37 | 25 | June 12 | AAA (Crisil, Icra) |
NaBFID | 10 years | 7.66 | 25 | June 12 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.0400 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))
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