India's Aditya Birla Capital NSE:ABCAPITAL has accepted bids worth 5.57 billion rupees ($58.43 million) for reissue of 8.0668% April 2036 subordinated bonds, three bankers said on Friday.
It will offer a yield of 8.2484% and had invited 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 | 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)