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 MUMBAI, Aug 18 (Reuters) - India's Tata Capital Housing Finance plans to raise up to 20 billion rupees ($209.04 million), including a greenshoe option of 10 billion rupees, through the sale of bonds maturing in five years, three bankers said on Tuesday.
It will pay a coupon of 7.83% 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 August 18:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Tata Capital Housing Finance | 5 years | 7.83 | 10+10 | August 19 | AAA (Crisil, Icra) |
Bajaj Housing Finance | 5 years | To be decided | 7.5+12.5 | August 19 | AAA (Crisil, India Ratings) |
Bajaj Finance April 2036 reissue | 9 years and 8 months | 7.97 (yield) | 5 | August 17 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 95.6750 Indian rupees)
(Reporting by Khushi Malhotra)
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