India New Issue-Ramco Cements to issue multiple tenor bonds - bankers

Ramco Cements

06/03/2024 02:48

MUMBAI, March 6 (Reuters) - India's Ramco Cements  TRCE.NS  plans to raise 5 billion
rupees ($60.3 million) through the sale of multiple maturity bonds, three merchant bankers said
on Wednesday.
    The cement manufacturing company has invited bids from investors and bankers on Thursday. 
    
 
 Here is the list of deals reported so far on March 6
                                                                      
   Issuer   Tenure        Coupon (in %)  Issue size (in  Bidding      
                                         bln rupees)*    date         Rating
                                                                      
                                                                      
 Ramco       4 yrs and 6  To be decided            1.50  March 7      AA+
 Cements            mnts                                              (Icra)
 Ramco      4 yrs and 9   To be decided  1.50            March 7      AA+
 Cements    mnts                                                      (Icra)
 Ramco             5 yrs  To be decided               2  March 7      AA+
 Cements                                                              (Icra)
 
*Size includes base plus greenshoe for some issues



($1 = 82.8930 Indian rupees)

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