India New Issue-PFC accepts bids for multiple-tenor issues, bankers say
India New Issue-PFC accepts bids for multiple-tenor issues, bankers say MUMBAI, Sept 3 (Reuters) - India's Power Finance Corp PWFC.NS accepted bids worth 42.43 billion rupees ($449.05 million)for the sale of bonds maturing in five years and 10 years, three bankers said on Thursday.
The financier will pay a coupon of 7.60% and 7.61%, respectively, and had invited commitment bids from bankers and investors earlier in the day, they added.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 3:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
PFC | 5 years | 7.60 | 19.75 | September 3 | AAA (Care, Icra, Crisil) |
PFC | 10 years | 7.61 | 22.68 | September 3 | AAA (Care, Icra, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.4875 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))
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India New Issue-PFC accepts bids for multiple-tenor issues, bankers say