India New Issue-Oberoi Realty to issue multiple tenor bonds

Oberoi Realty

21/10/2024 03:45

MUMBAI, Oct 21 (Reuters) - India's Oberoi Realty  OEBO.NS  plans to raise 15 billion
rupees ($178.46 million) through the sale of bonds maturing in two years, three years, and four
years, the company said in a stock exchange notice last week.
    It will pay a coupon of 7.95%, 8.00%, and 8.05% on two-year, three-year and four-year bonds
respectively, they said.
    The coupons would be payable quarterly and the bonds would be allotted on Oct. 23.  
 
   Here is the list of deals reported so far on Oct. 21
                                                                      
   Issuer   Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                         bln rupees)*    date         
                                                                      
 Oberoi     2 years       7.95           4               Oct. 22      AA+ (Care)
 Realty                   (quarterly)                                 
 Oberoi     3 years       8.00(quarterl  5               Oct. 22      AA+ (Care)
 Realty                   y)                                          
 Oberoi     4 years       8.05           6               Oct. 22      AA+ (Care)
 Realty                   (quarterly)                                 
 SIDBI       3 years and  To be decided           20+40  Oct. 22      AAA (Crisil,
                6 months                                              Care)
 
*Size includes base plus greenshoe for some issues




($1 = 84.0510 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Abinaya Vijayaraghavan)
 ((Dharamraj.dhutia@tr.com))