India New Issue-Pipeline Infrastructure to issue multiple tenor bonds - bankers

Ramco Cements

06/03/2024 03:15

MUMBAI, March 6 (Reuters) - India's Pipeline Infrastructure plans to raise up to 64.52
billion rupees ($778.5 million) through an issue of bonds with maturities ranging from three to
five years, three bankers said on Wednesday.
    The company will pay an annual coupon of 7.96% on each issue, and has invited commitment
bids from bankers and investors on Thursday, they said. 

 
 Here is the list of deals reported so far on March 6
                                                                            
 Issuer           Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                               bln rupees)*    date         
                                                                            
 Pipeline         3 yrs         7.96           10              March 7      AAA (Crisil,
 Infrastructure                                                             Careedge)
 Pipeline         4 yrs         7.96           10              March 7      AAA (Crisil,
 Infrastructure                                                             Careedge)
 Pipeline         5 yrs         7.96           44.52           March 7      AAA (Crisil,
 Infrastructure                                                             Careedge)
                   4 yrs and 6  To be decided            1.50  March 7      AA+ (Icra)
 Ramco Cements            mnts                                              
                                                                            
 Ramco Cements    4 yrs and 9   To be decided  1.50            March 7      AA+ (Icra)
                  mnts                                                      
 Ramco Cements           5 yrs  To be decided               2  March 7      AA+ (Icra)
 
*Size includes base plus greenshoe for some issues




($1 = 82.8800 Indian rupees)

 (Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Dhanya Ann Thoppil)
 ((Dharamraj.dhutia@tr.com))