India's National Bank for Agriculture and Rural Development has accepted bids worth 80 billion rupees ($839.28 million) for bonds maturing in three years, five months and eight days, three bankers said on Friday.
NABARD will pay an annual coupon of 7.16% to the investors of this issue and had invited coupon and commitment bids for the issue earlier 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 July 3:
Issuer Tenure Coupon (in %) Issue size (in bln rupees)* Bidding date Rating | NABARD 3 years and 5 months 7.16 80 July 3 AAA (Icra, Crisil) | IIFCL 4 years and 11 months 7.25 18.48 July 3 AAA (Care, Icra) | AB Capital Apr 2036 reissue 9 years and 10 months 8.2484 (yield) 5.57 July 3 AAA (Crisil) | NTPC Green Energy 10 years To be decided 5+20 July 7 AAA (Crisil) | Poonawalla Fincorp 2 years and 4 months 8.0568 5 July 2 AAA (Crisil) | Sammaan Capital 14 months 8.03 8 July 2 AA+ (Crisil, Icra) | Sammaan Capital 20 months 8.43 6 July 2 AA+ (Crisil, Icra) | Axis Finance 3 years and 1 month 7.81 6 July 2 AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 95.3200 Indian rupees)