India New Issue-NTPC Green Energy accepts bids for 10-year bonds, bankers say
India New Issue-NTPC Green Energy accepts bids for 10-year bonds, bankers say MUMBAI, July 7 (Reuters) - India's NTPC Green Energy NTPG.NS accepted bids worth 25 billion rupees ($262.29 million) in a sale of bonds maturing in 10 years, three bankers said on Tuesday.
It will pay a coupon of 7.27% and had invited commitment bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
NTPC Green Energy |
10 years | 7.27 | 25 | July 7 | AAA(Crisil) |
PNB Housing Finance | 3 years and 1 month | 7.83 | 5 | July 8 | AAA (Care, India Ratings) |
Shriram Finance | 3 years, 1 month and 29 days | 7.80 | 10 | July 8 | AAA (Care, Icra) |
Shriram Finance | 5 years, 5 months and 17 days | 7.80 (yield) | 5+5 | July 8 | AAA (Crisil, India Ratings) |
SIDBI | 3 years and 4 months | To be decided | 20+60 | July 8 | AAA (Care, Crisil) |
Tata Capital Jun 2029 reissue | 2 years and 11 months | 7.78 (yield) | 10 | July 6 | AAA (Crisil, Icra) |
Tata Capital
| 5 years | 7.88 | 27.50 | July 6 | AAA (Crisil, Icra) |
* Size includes base plus greenshoe for some issues
($1 = 95.3150 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))
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