India New Issue-Nexus Select Trust accepts bids for bond issue, bankers say

Nexus Select Trust

21/10/2024 10:59

MUMBAI, Oct 21 (Reuters) - India's Nexus Select Trust  NEXE.NS  has accepted bids worth
an aggregate of 10 billion rupees ($118.99 million) for bonds maturing in two years and seven
months and in three years and eight months, three merchant bankers said on Monday.
    The company will pay 7.69% on the shorter duration bonds and 7.72% on the over three-year
bonds and the coupon would be paid on a quarterly basis, the bankers added. 
    The company had invited bids from bankers and investors for the issue earlier in the day. 
    It did not immediately reply to a Reuters email seeking comment.
    
  Here is the list of deals reported so far on Oct. 21
                                                                             
 Issuer            Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                bln rupees)*    date         
                                                                             
 Nexus Select      2 years and   7.69           6               Oct. 21      AAA (Icra)
 Trust             7 months                                                  
 Nexus Select      3 years and   7.72           4               Oct. 21      AAA (Icra)
 Trust             8 months                                                  
             PGC   10 years      To be decided  50              Oct. 24      AAA (Crisil,
                                                                             Icra)
             LIC   3 years and   To be decided  15+15           Oct. 22      AAA (Crisil,
 Housing Feb 2028  4 months                                                  Care)
 reissue                                                                     
                                                                             
                   2 years       7.95           4               Oct. 22      AA+ (Care)
 Oberoi Realty                   (quarterly)                                 
                                                                             
 Oberoi Realty     3 years       8.00(quarterl  5               Oct. 22      AA+ (Care)
                                 y)                                          
 Oberoi Realty     4 years       8.05           6               Oct. 22      AA+ (Care)
                                 (quarterly)                                 
                    3 years and  To be decided           20+40  Oct. 22      AAA (Crisil,
 SIDBI                 6 months                                              Care)
                                                                             
 
*Size includes base plus greenshoe for some issues


($1 = 84.0410 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala
Editing by)
 ((Dharamraj.dhutia@tr.com))