India New Issue-Numaligarh Refinery accepts bids for 10-year bonds, bankers say

Oil India

22/09/2025 08:28

MUMBAI, Sept 22 (Reuters) - Numaligarh Refinery, a unit of Oil India has accepted bids worth 25 billion rupees ($569 million) for bonds maturing in 10 years, two merchant bankers said on Monday.

The company will pay an annual coupon of 7.34% on this issue and had invited coupon and commitment bids for its debut bond issue earlier in the day, they said.

In August, Reuters had reported that the company is planning to raise funds through a bond issue in September.

The company did not respond to an email seeking comment.

   Here is the list of deals reported so far on September 22:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Numaligarh Refinery
10 years
7.34
25
September 22
AAA (Crisil, India Ratings)
Aditya Birla Capital
2 year and 6 month
146 bps over 3-month OIS
5
September 23
AAA (Crisil)
Aditya Birla Capital
5 years
7.52
5
September 23
AAA (Crisil)
Aditya Birla Capital
Feb 2028 reissue
2 year and 5 months
To be decided
5
September 23
AAA (Crisil)
Aditya Birla Capital
Sep 2028 reissue
3 years
To be decided
5
September 23
AAA (Crisil)
Roha Dye Chem
5 years
14 (yield)
4
To be decided
NA
PFC
2 year and 20 days
To be decided
6+29
September 23
AAA (Crisil, Care)

  * Size includes base plus greenshoe for some issues

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)

 ((Dharamraj.dhutia@tr.com))