India New Issue-Tata Capital Housing accepts bids for 5-year bonds, bankers say
India New Issue-Tata Capital Housing accepts bids for 5-year bonds, bankers say MUMBAI, June 11 (Reuters) - India's Tata Capital Housing Finance TATASG.UL has accepted bids worth 11.25 billion rupees ($117.53 million) in a sale of bonds maturing in five years, three bankers said on Thursday.
It will pay a coupon of 8.15%, and had invited commitment bids for the issue on Wednesday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Tata Capital Housing | 5 years | 8.15 | 11.25 | June 11 | AAA (Crisil, Icra) |
Tata Capital | 3 years | 8.15 | 20.30 | June 11 | AAA (Crisil, Icra) |
NaBFID | 3 years and 1 month | To be decided | 5+25 | June 12 | AAA (Crisil, Icra) |
NaBFID | 10 years | To be decided | 5+25 | June 12 | AAA (Crisil, Icra) |
Axis Finance | 2 years and 7 months | 7.70 | 8 | June 10 | AAA (India Ratings) |
* Size includes base plus greenshoe for some issues
($1 = 95.7225 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))
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