India New Issue-PCBL to issue 5-year bonds - bankers

PCBL Chemical

19/01/2024 02:39

MUMBAI, Jan 19 (Reuters) - India's PCBL  PCBL.NS  plans to raise 7 billion rupees
($84.18 million) through the sale of bonds maturing in five years, three bankers said on Friday.
    It has invited coupon and commitment bids for the issue on Thursday, they said. 
    
 
 Here is the list of deals reported so far on Jan. 19: 
                                                                             
 Issuer            Tenure        Coupon (in %)  Issue size (in  Bidding        Rating
                                                bln rupees)*    date         
                                                                             
 PCBL                     5 yrs  To be decided               7  Jan. 25      AA
                                                                             (Crisil)
 Indostar Capital    1 yr and 8  9.95                     3.25  Jan. 22      AA-(Crisi
 Finance                   mnts                                              l)
 
*Size includes base plus greenshoe for some issues



($1 = 83.1530 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
 ((Dharamraj.dhutia@tr.com))