India New Issue-Piramal Finance to issue over 3-year bonds, bankers say
India New Issue-Piramal Finance to issue over 3-year bonds, bankers say MUMBAI, Oct 5 (Reuters) - India's Piramal Finance PIRL.NS plans to raise up to 20 billion rupees ($207.75 million), including a greenshoe option of 15 billion rupees, through the sale of bonds maturing in three years and one month, three bankers said on Monday.
The firm will pay a coupon of 8.62% and has invited commitment bids for the issue on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on October 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Piramal Finance | 3 years and 1 month | 8.62% | 5+15 | October 7 | AA+ (Crisil) |
Bajaj Housing Finance August 2036 reissue | 9 years and 10 months | To be decided | 5+20 | October 6 | AA+(Crisil, CareEdge) |
*Size includes base plus greenshoe for some issues
($1 = 96.2700 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Mrigank Dhaniwala)
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