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

Reuters
Nov 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))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10