India New Issue-Vertis Infra Trust accepts bids for 6-year bonds, bankers say
India New Issue-Vertis Infra Trust accepts bids for 6-year bonds, bankers say MUMBAI, Sept 10 (Reuters) - India's Vertis Infrastructure Trust VERR.NS accepts bids worth 14.25 billion rupees ($149.7 million) for the sale of bonds maturing in six years, three bankers said on Thursday.
The infrastructure trust will pay a coupon of 7.63% on a quarterly basis, and had invited commitment bids on Wednesday, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on September 10:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Vertis Infra Trust | 6 years | 7.63 (quarterly) | 14.25 | September 9 | AAA (Crisil) |
Shangrila Infracon India | 3 years | 9.25 | 11 | September 9 | BBB-(Care) |
Hero FinCorp | 2 years | 8.54(initial coupon) | 1+4 | September 11 | AA+(Crisil, Icra) |
REC | 10 years and 14 days | To be decided | 8+32 | September 11 | AAA(Crisil, Care) |
REC | 5 years and 14 days | To be decided | 5+25 | September 11 | AAA(Crisil, Care) |
* Size includes base plus greenshoe for some issues
($1 = 95.1900 Indian rupees)
(Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Jochelle Mendonca)
((Khushi.malhotra@tr.com, Dharamraj.dhutia@tr.com))
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