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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

- 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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