India New Issue-PCBL accepts bids for 5-year bonds - bankers

PCBL Chemical

29/01/2024 03:08

MUMBAI, Jan 29 (Reuters) - India's PCBL  PCBL.NS  has accepted bids worth 7 billion
rupees ($84.20 million) for bonds maturing in five years, three bankers said on Monday.
    It will pay an annual coupon of 8.79% on this issue and had invited bids on Thursday, they
said.
    
 
  Here is the list of deals reported so far on Jan. 29: 
             Issuer                                                             
                      Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                                   bln rupees)*    date         
                                                                                
 PCBL                 5 years       8.79           7               Jan. 25      AA (Crisil)
             Advaya   5 years       8.90           5.50            Jan. 25      AA (Crisil)
 Chemical Industries                                                            
                                                                                
             SMFG     13 months     8.2972         3.60            Jan. 25      AAA (ICRA)
 India Credit                                                                   
                                                                                
             SMFG     18 months     8.3117         2               Jan. 25      AAA (ICRA)
 India Credit                                                                   
                                                                                
             M&M      3 years and   8.25           8.68            Jan. 25      AAA (Crisil,
 Financial Services   2 months                                                  India Ratings)
                                                                                
             ICICI    2 years and   8.0610         4.90            Jan. 25      AAA (Careedge,
 Home Finance         2 months                                                  ICRA)
                                                                                
 
* Size includes base plus greenshoe for some issues

 ($1 = 83.1370 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
 ((Dharamraj.dhutia@tr.com))