India New Issue-Tata Capital Housing to issue 3-year bonds, bankers say
India New Issue-Tata Capital Housing to issue 3-year bonds, bankers say MUMBAI, Sept 23 (Reuters) - India's Tata Capital Housing Finance TATASG.UL plans to raise up to 17.25 billion rupees ($180.21 million), including a greenshoe option of 7.25 billion rupees, through the sale of bonds maturing in three years, three bankers said on Wednesday.
It will pay a coupon of 8.20% and has invited commitment bids for the issue on Thursday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on September 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Tata Capital Housing | 3 years | 8.20 | 10+7.25 | September 24 | AAA (Crisil, Icra) |
Bajaj Housing Aug 2031 reissue | 4 years and 11 months | To be decided | 5+10 | September 24 | AAA (Crisil, India Ratings) |
Clean Max Enviro | 2 years | 8.25 | 2 | September 24 | AA (Crisil) |
Clean Max Enviro | 3 years | 8.4850 | 4 | September 24 | AA (Crisil) |
Clean Max Enviro | 5 years | 8.7650 | 8.07 | September 24 | AA (Crisil) |
Clean Max Enviro | 10 years | 8.7650 | 6.15 | September 24 | AA (Crisil) |
Clean Max Enviro | 10 years | 8.7650 | 4.78 | September 24 | AA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 95.7200 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Harikrishnan Nair)
((Dharamraj.dhutia@tr.com, khushi.malhotra@tr.com))
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