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

NHPC

21/01/2025 11:13

MUMBAI, Jan 21 (Reuters) - India's NHPC  NHPC.NS  plans to raise 26 billion rupees
($300.3 million), including a greenshoe option of 21 billion rupees, through sale of bonds
maturing in 10 years, three merchant bankers said on Tuesday.
    The state-run hydroelectric power generation has invited coupon and commitment bids for the
issue on Thursday, they said.
    NHPC did not immediately reply to a Reuters email seeking comment. 
    
 
  Here is the list of deals reported so far on Jan. 21: 
             Issuer                                                             
                     Tenure            Coupon (in %)  Issue size (in            Rating
                                                      bln rupees)*     Bidding  
                                                                       date     
                                                                                
                                                                                
 NHPC                10 years          To be decided  5+21             Jan. 23  AAA (India
                                                                                Ratings, Care)
             NHB     6 years, 5        To be decided  10+30            Jan. 23  AAA (India
                     months and 7                                               Ratings, Care)
                     days                                                       
             EXIM    3 years and 6     To be decided  5+20             Jan. 23  AAA (Crisil,
 Bank                months                                                     Icra)
                                                                                
             Larsen  10 years          7.20           40               Jan. 21  AAA (Crisil,
 & Toubro                                                                       India Ratings)
                                                                                
                     10 years          To be decided  5+5              Jan. 22  AA+ (Icra)
 Cholamandalam                                                                  
 Investment                                                                     
                                                                                
             Tata    9 year and 8      To be decided  3+7              Jan. 22  AAA (Crisil,
 Capital             months                                                     Icra)
 Sept 2034 reissue                                                              
                                                                                
                            13 months  To be decided        4.25+2.25  Jan. 22  AA (Icra)
 Piramal Capital                                                                
 and Housing                                                                    
                                                                                
 Piramal Capital              2 years  To be decided        4.25+2.25  Jan. 22  AA (Icra)
 and Housing                                                                    
 *Size includes base plus greenshoe for some issues
 



($1 = 86.5830 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
 ((Dharamraj.dhutia@tr.com))