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India New Issue-Muthoot Finance to issue 10-year bonds, bankers say

India New Issue-Muthoot Finance to issue 10-year bonds, bankers say

- India's Muthoot Finance MUTT.NS plans to raise up to 15 billion rupees ($157.96 million)through a sale of bonds maturing in 10 years, three bankers said on Monday.

It has invited coupon and commitment bids for the issue on Tuesday, 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 1:

Issuer

Tenure

Coupon (in %)

Issue size (in bln rupees)*

Bidding date

Rating

Muthoot Finance

10 years

To be decided

15

June 2

AA+ (Icra, Crisil)

SIDBI

3 years

To be decided

10+20

June 2

AAA (Care, Crisil)


* Size includes base plus greenshoe for some issues




($1 = 94.9625 Indian rupees)


(Reporting by Dharamraj Dhutia and Khushi Malhotra)

((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))

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