India New Issue-SIDBI accepts bids for bond issue, bankers say

Reuters
11/25
India New Issue-SIDBI accepts bids for bond issue, bankers say

MUMBAI, Nov 25 (Reuters) - Small Industries Development Bank of India (SIDBI) has accepted bids worth 59.35 billion rupees ($665.2 million) for bonds maturing in three years, one month and 14 days, three bankers said on Tuesday.

It will pay an annual coupon of 6.74% and had invited coupon and commitment bids for the issue earlier in the day, they said.

SIDBI did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on November 25:

Issuer

Tenure

Coupon (in %)

Issue size (in bln rupees)*

Bidding date

Rating

SIDBI

3 year and one month

6.74

59.35

November 25

AAA (Crisil, Care)

Anzen India Energy

11 years

7.39

7.75

November 24

AAA (Crisil, India Ratings)

Cholamandalam Investment

7 years

8.40

5

November 24

AA+ (Icra, Care)

*Size includes base plus greenshoe for some issues

($1 = 89.2162 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

((Dharamraj.dhutia@tr.com))

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