India New Issue-DMI Finance accepts bids for 3-yr bonds - bankers

Ramco Cements

12/03/2024 02:43

MUMBAI, March 12 (Reuters) - India's DMI Finance has accepted bids worth 4.64 billion
Indian rupees ($56.07 million) for bonds maturing in three years, three bankers said on Tuesday.
    It will pay an annual coupon of 9.80% and had invited commitment bids for the issue on
Monday, they said.
    
 
  Here is the list of deals reported so far on March 12: 
                                                                      
   Issuer   Tenure        Coupon (in %)  Issue size (in  Bidding      
                                         bln rupees)*    date         Rating
                                                                      
                                                                      
 DMI        3 yrs         9.80           4.64            March 11     AA
 Finance                                                              (Icra)
            4 yrs and 6   7.80           1.50            March 11     AA+
   Ramco    mnts                                                      (Icra)
 Cements                                                              
                                                                      
 Ramco       4 yrs and 9           7.80            1.50  March 11     AA+
 Cements            mnts                                              (Icra)
 Ramco            5 yrs   7.80                        2  March 11     AA+
 Cements                                                              (Icra)
 
*Size includes base plus greenshoe for some issues



($1 = 82.7540 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by)
 ((Dharamraj.dhutia@tr.com))