India New Issue-Tata Capital Housing accepts bids for bond reissue, bankers say
India New Issue-Tata Capital Housing accepts bids for bond reissue, bankers say MUMBAI, July 28 (Reuters) - India's Tata Capital Housing Finance has accepted bids worth 5.25 billion rupees ($54.86 million) for the reissuance of 7.17% May 2030 bonds, three bankers said on Tuesday.
It will offer a yield of 7.7303% and had invited commitment bids on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 28:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Tata Capital Housing May 2030 reissue | 3 year and 10 months | 7.7303% (yield) | 5.25 | July 28 | AAA (Icra, Crisil) |
Summit Digitel | 4 year and 11 months | 7.5050 (quarterly) | 12 | July 28 | AAA (Care, Crisil) |
SBI | perpetual | To be decided | 30+20 | July 29 | AA+ (Crisil, Care) |
* Size includes base plus greenshoe for some issues
($1 = 95.7000 Indian rupees)
(Reporting by Dharamraj Dhutia)
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