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India New Issue-Tata Power Renewable accepts bids for 15-year bonds, bankers say

MUMBAI, Aug 29 (Reuters) - India's Tata Power Renewable Energy accepted bids worth 15 billion rupees ($169.95 million) for the sale of bonds maturing in 15 years, three bankers said on Friday.

It will pay a coupon of 7.65% and had invited commitment bids for the issue earlier in the day, they said.

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

 Here is the list of deals reported so far on August 29:

IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
Tata Power Renewable Energy15 years7.6515August 29AA+ (Icra, India Ratings)
*Size includes base plus greenshoe for some issues ($1 = 88.20 Indian rupees) (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema) ((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))

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