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India New Issue-Tata Capital Housing to issue 5-year bonds, bankers say

India New Issue-Tata Capital Housing to issue 5-year bonds, bankers say

- India's Tata Capital Housing Finance TATASG.UL plans to raise up to 11.25 billion rupees ($117.99 million), including a greenshoe option of 1.25 billion rupees, through a sale of bonds maturing in five years, three bankers said on Tuesday.

It will pay a coupon of 8.15% and has invited commitment bids for the issue on Wednesday, they said.

The company did not immediately respond to a Reuters email seeking comment.


Here is the list of deals reported so far on June 9:

Issuer

Tenure

Coupon (in %)

Issue size (in bln rupees)*

Bidding date

Rating

Tata Capital Housing Finance

5 years

8.15

10+1.25

June 10

AAA (Crisil, Icra)

Axis Finance

2 years and 7 months

7.70

2+6

June 10

AAA (India Rating)

NABARD 7.44% July 2029 Reissue

3 years and 1 month

To be decided

20+50

June 10

AAA (Icra, Crisil)

*Size includes base plus greenshoe for some issues





($1 = 95.3500 Indian rupees)


(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)

((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))

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