India New Issue-Oberoi Realty accepts bids for bond issues, bankers say

Oberoi Realty

23/10/2024 11:10

MUMBAI, Oct 23 (Reuters) - India's Oberoi Realty  OEBO.NS  has accepted bids worth 15
billion rupees ($178.5 million) for bonds maturing in two years, three years, and four years,
two merchant bankers said on Wednesday. 
    It will pay a coupon of 7.95%, 8.00%, and 8.05% on two-year, three-year and four-year bonds,
respectively, which would be payable on a quarterly basis. 
    The company had invited bids from bankers and investors earlier in the day. It did not
immediately respond to a Reuters' email seeking comment.  
    
 
  Here is the list of deals reported so far on Oct. 23: 
                                                                             
 Issuer            Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                bln rupees)*    date         
                                                                             
 Oberoi Realty     2 years       7.95           4               Oct. 23      AA+ (Care)
                                 (quarterly)                                 
 Oberoi Realty     3 years       8.00           5               Oct. 23      AA+ (Care)
                                 (quarterly)                                 
 Oberoi Realty     4 years       8.05           6               Oct. 23      AA+ (Care)
                                 (quarterly)                                 
                   10 years      7.43           20              Oct. 23      AAA (Crisil,
 Jamnagar                                                                    Care)
 Utilities                                                                   
                                                                             
                   6-year and 5  8.28           2.37            Oct. 23      AA
 Mancherial        months        (semi-annual)                               (CareEdge)
 Repallewada Road                                                            
                                                                             
 Mancherial        10-year and   8.08           3.31            Oct. 23      AA
 Repallewada Road  11 months     (semi-annual)                               (CareEdge)
 Suryapet Khammam  6-year and 8  8.28           2.82            Oct. 23      AA
 Road              months        (semi-annual)                               (CareEdge)
 Suryapet Khammam  10-year and   8.08           2.75            Oct. 23      AA
 Road              8 months      (semi-annual)                               (CareEdge)
             SBI   perpetual     7.98           50              Oct. 23      AA+ (Crisil,
                                                                             Care)
                   3 years and   To be decided  5+25            Oct. 24      AAA (Crisil)
 Bajaj Finance     2 months                                                  
 Dec 2027 reissue                                                            
                                                                             
 Bajaj Finance     5 years and   To be decided  5+25            Oct. 24      AAA (Crisil)
 Feb 2030 reissue  4 months                                                  
 Bajaj Finance     10 years      To be decided  2.50+12.50      Oct. 24      AAA (Crisil)
 Oct 2034 reissue                                                            
                   10 years      To be decided  20+30           Oct. 24      AAA (Crisil)
 Indian Bank                                                                 
                                                                             
    
 *Size includes base plus greenshoe for some issues



($1 = 84.0560 Indian rupees)

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