MUMBAI, Aug 1 (Reuters) - India's Summit Digitel Infrastructure plans to raise 9 billion rupees ($102.90 million) by selling bonds maturing in seven years, two merchant bankers said on Friday.
The company, which provides infrastructure services to mobile network operators, will pay a coupon of 7.1450%, on a quarterly basis, and has invited bids from bankers and investors on Monday, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on August 1:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Summit Digitel Infrastructure | 7 years | 7.1450 (quarterly) | 9 | August 4 | AAA (Crisil, Care) |
Aditya Birla Housing Finance | 10 years | 7.58 | 15 | August 1 | AAA (Icra, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.4610 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
((Dharamraj.dhutia@tr.com))
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