India New Issue-Nexus Select Trust to issue multiple-tenor bonds, bankers say

Nexus Select Trust

11/10/2024 08:01

MUMBAI, Oct 11 (Reuters) - India's Nexus Select Trust  NEXE.NS  plans to raise an
aggregate of 9 billion rupees ($107.1 million) through a sale two bonds, one maturing in two
years and eight months and the other in three years and eight months, three merchant bankers
said on Friday.
    The company has invited bids from bankers and investors for the issue on Tuesday, they said.
    
 
 Here is the list of deals reported so far on Oct 11: 
                                                                            
 Issuer           Tenure        Coupon (in %)  Issue size (in  Bidding        Rating
                                               bln rupees)*    date         
                                                                            
 Nexus Select     2 years and   7.92           5               Oct. 15      AAA
 Trust            8 months                                                  (Icra)
 Nexus Select     3 years and   7.94           4               Oct. 15      AAA
 Trust            8 months                                                  (Icra)
                  5 years       To be decided  1               Oct. 16      AA-
 Rajkot                                                                     (Crisil)
 Municipal Corp                                                             
                                                                            
 
*Size includes base plus greenshoe for some issues

($1 = 84.0475 Indian rupees)

 (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Varun H K)
 ((Bhakti.Tambe@thomsonreuters.com))