India New Issue-PFC to issue 5-year and 10-year bonds, bankers say
India New Issue-PFC to issue 5-year and 10-year bonds, bankers say MUMBAI, Sept 1 (Reuters) - India's Power Finance Corp PWFC.NS plans to raise 50 billion rupees ($526.6 million), which includes a greenshoe option of 40 billion rupees, through the sale of bonds maturing in five years and 10 years, three bankers said on Tuesday.
The financier has invited coupon and commitment bids from bankers and investors on Thursday, they added.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 1:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
PFC | 5 years | To be decided | 5+20 | September 3 | AAA (Care, Icra, Crisil) |
PFC | 10 years | To be decided | 5+20 | September 3 | AAA (Care, Icra, Crisil) |
L&T Finance Sept 2029 Reissue | 3 years | 7.80 (yield) | 5 | September 1 | AAA (Crisil, Care) |
SIDBI | 3 year and 1 month | 7.70 | 58.89 | September 1 | AAA (Care, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.9500 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
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