India New Issue-Sheela Foam accepts bids for STRPP bonds - bankers

Sheela Foam

05/10/2023 10:02

MUMBAI, Oct 5 (Reuters) - India's Sheela Foam  SHEF.NS  has accepted bids worth 7.25
billion rupees ($87.10 million) for separately transferable redeemable principal part bonds
maturing in 18 months to three years, two merchant bankers said on Thursday.
    The foam and mattress manufacturer will pay a coupon of 8.45% and had invited bids from
bankers and investors earlier in the day.

 Here is the list of deals reported so far on Oct. 5
                                                                            
 Issuer           Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                               bln rupees)*    date         
                                                                            
 Sheela Foam      STRPP         8.45           7.25            Oct. 5       AA (India
                                                                            Ratings)
 NNP              5-yr          10 (yield)     5.51            Oct. 4       B (Infomerics)
 Construction                                                               
 
*Size includes base plus greenshoe for some issues




($1 = 83.2418 Indian rupees)

 (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Sohini Goswami)
 ((Bhakti.Tambe@thomsonreuters.com))