India New Issue-Piramal Finance accepts bids for over 3-year bonds, bankers say
India New Issue-Piramal Finance accepts bids for over 3-year bonds, bankers say MUMBAI, Oct 8 (Reuters) - India's Piramal Finance PIRL.NS accepted bids worth 5.25 billion rupees ($54.25 million) for the sale of bonds maturing in three years and one month, three bankers said on Thursday.
The firm will pay a coupon of 8.62% and had invited commitment bids for the issue on Wednesday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on October 8:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Piramal Finance | 3 years and 1 month | 8.62 | 5.25 | October 7 | AA+ (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 96.7775 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))
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India New Issue-Piramal Finance accepts bids for over 3-year bonds, bankers say
India New Issue-Piramal Finance to issue over 3-year bonds, bankers say