The Small Industries Development Bank of India plans to raise 80 billion rupees ($839.10 million), including a greenshoe option of 60 billion rupees, through sale of bonds maturing in three years and four months, three bankers said on Tuesday.
The state-run financial institution has invited coupon and commitment bids for the issue on Wednesday, they said.
SIDBI did not 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 | 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 = 95.3400 Indian rupees)