India New Issue-Piramal Enterprises accepts bids for over 3-year bonds - bankers

Piramal Enterprises

09/03/2023 09:04

MUMBAI, March 9 (Reuters) - India's Piramal Enterprises
 PIRA.NS  has accepted bids worth 1 billion rupees ($12.20
million) for the sale of bonds maturing in three years and two
months, three merchant bankers said on Thursday.
    The company will pay an annual coupon of 8.75% on this issue
for which it invited commitment bids earlier in the day. 
    The bonds are rated AA by CARE Ratings and the issue will be
settled on Friday.
    The issue had a base size of 1 billion rupees and a
greenshoe option to retain an additional 5 billion rupees. The
bonds will mature in May 2026.



($1 = 81.9400 Indian rupees)

 (Reporting by Bhakti Tambe)
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