India's Tata Capital NSE:TATACAP has accepted bids worth 37.50 billion rupees ($393.41 million) for the reissue of 8.15% June 2029 bonds and a fresh five-year bond issue, three bankers said on Tuesday.
The non-banking finance company will offer a yield of 7.78% on the reissue and a coupon of 7.88% on the fresh issue, and had invited commitment bids on Monday, they said.
Tata Capital did not immediately reply 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 | 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 = 95.3200 Indian rupees)