India's L&T Finance NSE:LTF has accepted bids worth an aggregate of 10 billion rupees ($104.83 million) for the reissue of the 7.7942% June 2031 bond and a fresh issue of the three-year and three-month tenor, three bankers said on Monday.
The non-banking financial company will offer a yield of 7.98% on the reissue and a coupon of 7.85% on the fresh issue, and had invited bids for both earlier in the day.
It did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on July 6:
Issuer Tenure Coupon (in %) Issue size (in bln rupees)* Bidding date Rating | L&T Finance June 2031 reissue 5 years 7.98 (yield) 5 July 6 AAA (Crisil, Care) | L&T Finance 3 years and 3 months 7.85 5 July 6 AAA (Crisil, Care) | Jio Credit 3 years 7.78 10 July 6 AAA (Crisil, Care) | Bajaj Housing Finance 3 years and 3 months 7.53 15 July 6 AAA (Crisil) | Tata Capital June 2027 reissue 2 years and 11 months 7.78 (yield) 7.50+2.50 July 6 AAA (Crisil, Icra | Tata Capital 5 years 7.88 17.50+10 July 6 AAA (Crisil, Icra |
*Size includes base plus greenshoe for some issues
($1 = 95.3950 Indian rupees)