India New Issue-Waisl to issue 6-year bonds - bankers

Sundaram Finance

20/09/2023 04:15

MUMBAI, Sept 20 (Reuters) - India's Waisl plans to raise 7 billion rupees ($84.1
million) through a sale of bonds maturing in six years, three merchant bankers said on
Wednesday.
    The company, which is involved in providing information technology services at airports has
invited bids for the issue on Sept. 26, they said. 
 
 Here is the list of deals reported so far on Sept. 20: 
                                                                          
 Issuer         Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                             bln rupees)*    date         
                                                                          
 Waisl          6-yr          9.45           7               Sept. 26     AA-(India
                                                                          Ratings) (Prov)
                2-yr          7.89           7.50            Sept. 21     AAA (Icra)
 Sundaram                                                                 
 Finance                                                                  
                                                                          
                2-yr and 10   8.00           1 + 3           Sept. 21     AAA (Crisil,
 Axis Finance   mnts                                                      India Ratings)
                                                                          
                10-yr         7.79           5               Sept. 18     AAA (Crisil,
 Bajaj Finance                                                            India Ratings)
                                                                          
 
*Size includes base plus greenshoe for some issues




($1 = 83.2680 Indian rupees)

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