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India New Issue-Tata Capital to reissue 2-year bonds, bankers say

MUMBAI, Feb 9 (Reuters) - India's Tata Capital TATC.NS plans to raise up to 15 billion rupees ($165.6 million), including a greenshoe option of 12.5 billion rupees, through the reissue of 7.95% 2028 bonds, three bankers said on Monday.

It will pay an annual coupon of 7.95% and has invited commitment bids for the issue later in the day, they said.

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

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

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Tata Capital 7.95% 2028 bond reissue2 years7.952.5+12.5February 9AAA(Crisil, Incra)
*Size includes base plus greenshoe for some issues ($1 = 90.5600 Indian rupees) (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala) ((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))

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