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

Nexus Select Trust

18/10/2024 03:59

MUMBAI, Oct 18 (Reuters) - India's Nexus Select Trust  NEXE.NS  plans to raise an
aggregate of 10 billion rupees ($118.9 million) through the sale of bonds maturing in two years
and seven months and three years and seven months, three merchant bankers said on Friday.
    The company has invited bids from bankers and investors for the issue on Monday, they said.
    The company did not immediately reply to a Reuters email seeking comment.
    
 
  Here is the list of deals reported so far on Oct. 18: 
                                                                          
 Issuer         Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                             bln rupees)*    date         
                                                                          
 Nexus Select   2 years and   7.92           6               Oct. 21      AAA (Icra)
 Trust          7 months                                                  
 Nexus Select   3 years and   7.94           4               Oct. 21      AAA (Icra)
 Trust          7 months                                                  
 Aditya Birla    4 years and  To be decided       1.50+5.50  Oct. 18      AAA (Crisil)
 Finance           10 months                                              
 
*Size includes base plus greenshoe for some issues

($1 = 84.0490 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Sumana Nandy)
 ((Dharamraj.dhutia@tr.com))