India New Issue-Summary of primary bond market deals reported on Feb 27

Piramal Enterprises

27/02/2024 12:30

MUMBAI, Feb 27 (Reuters) - A summary of primary bond market deals in India as of 6:00
p.m. IST (1230 GMT) on Feb. 27. Please note the list includes deals reported by Reuters and is
not exhaustive.

                                                                                       Rating
 Issuer             Tenure         Coupon (in %)  Issue size (in           
                                                  bln rupees)*    Bidding  
                                                                  date     
                                                                           
                                                                           
                    2 yrs, 3 yrs,  8.32           7               Feb. 27  AA+ (Crisil, India
 Torrent Power      4 yrs, 5 yrs                                           Ratings)
                                                                           
             DME    15 years       To be decided  10+20           Feb. 29  AAA (Crisil,
 Development                                                               Careedge)
                                                                           
             SBI    10 years       8.29           7.50            Feb. 27  AAA (Crisil, Icra)
 Cards and Payment                                                         
 Services                                                                  
                                                                           
                        3 years    To be decided  2+8             Feb. 28  AAA (Icra, India
 Aditya Birla                                                              Ratings)
 Finance                                                                   
                                                                           
             Bajaj     10 years    To be decided  5+2.50          Feb. 28  AAA (Crisil)
 Housing Finance                                                           
 Feb 2034 reissue                                                          
                                                                           
             Tata   3 years and 2  8.2850         5+11.40         Feb. 28  AAA (Crisil, ICRA)
 Capital            months                                                 
                                                                           
                     2 years       9.35           1+5             Feb. 28  AA (Careedge)
 Piramal                                                                   
 Enterprises                                                               
                                                                           
                     6 years       To be decided  20              Feb. 28  AAA (Crisil)
 Sundaram Finance                                                          
                                                                           
             Axis    2 years       8.35           3+2             Feb. 27  AAA (Crisil, India
 Finance                                                                   Ratings)
                                                                           
 Axis Finance Feb    3 years       To be decided  2+1             Feb. 27  AAA (Crisil, India
 2027 reissue                                                              Ratings)
                          5 years  To be decided               1  Mar. 1   AA+ (India Ratings,
 Vadodara                                                                  AA (Crisil)
 Municipal Corp                                                            
                                                                           
 
* Size includes base plus greenshoe for some issues

 (Reporting by Bhakti Tambe; Editing by Janane Venkatraman)
 ((Bhakti.Tambe@thomsonreuters.com))