India New Issue-Tata Capital to issue 3-year bonds, bankers say
India New Issue-Tata Capital to issue 3-year bonds, bankers say MUMBAI, Sept 4 (Reuters) - India's Tata Capital TATC.NS plans to raise up to 35 billion rupees ($370.45 million), including a greenshoe option of 17.5 billion rupees, through the sale of bonds maturing in three years, three bankers said on Friday.
It will pay a coupon of 8.05% and has invited commitment bids for the issue 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 September 4:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Tata Capital | 3 years | 8.05 | 17.5+17.5 | September 7 | AAA (Crisil, Icra) |
Bajaj Finance 8.07% 2030 Reissue | 3 years and 6 months | To be decided | 20+20 | September 7 | AAA(Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 94.4800 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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