India's HDB Financial Services NSE:HDBFS plans to raise 7 billion rupees ($73.71 million), including a greenshoe option of 4 billion rupees, for the reissue of 7.3274% August 2028 bonds and fresh issue of 10-year bonds, three bankers said on Tuesday.
It will pay offer a yield of 7.68% on the reissue and a coupon of 7.7861% on the fresh issue, and has invited commitment bids 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 July 7:
Issuer Tenure Coupon (in %) Issue size (in bln rupees)* Bidding date Rating | HDB Financial August 2028 reissue 2 years and 1 month 7.78 2+1 July 7 AAA (Crisil, Care) | HDB Financial 10 years 7.3274 (yield) 1+3 July 7 AAA (Crisil, Care) | NTPC Green Energy 10 years 7.27 25 July 7 AAA(Crisil) | PNB Housing Finance 3 years and 1 month 7.83 5 July 8 AAA (Care, India Ratings) | Shriram Finance 3 years and 2 months 7.80 10 July 8 AAA (Care, Icra) | Shriram Finance December 2031 reissue 5 years, 5 months and 17 days 7.80 (yield) 5+5 July 8 AAA (Crisil, India Ratings) | SIDBI 3 years and 4 months To be decided 20+60 July 8 AAA (Care, Crisil) | Tata Capital Jun 2029 reissue 2 years and 11 months 7.78 (yield) 10 July 6 AAA (Crisil, Icra) | Tata Capital 5 years 7.88 27.50 July 6 AAA (Crisil, Icra) |
* Size includes base plus greenshoe for some issues
($1 = 94.9675 Indian rupees)