India's NIIF Infrastructure Finance has accepted bids worth an aggregate of 9.85 billion Indian rupees ($103.75 million), for bonds maturing in five years and five months and in nine years and 11 months, three bankers said on Thursday.
It will pay a coupon of 7.80% on the shorter duration papers and 7.95% on the near 10-year bonds, and had invited 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 2:
Issuer Tenure Coupon (in %) Issue size (in bln rupees)* Bidding date Rating | NIIF Infra Finance 5 years and 5 months 7.80 6.85 July 1 AAA (Icra) | NIIF Infra Finance 9 years and 11 months 7.95 3 July 1 AAA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 94.9375 Indian rupees)