ReutersReuters

Godrej Industries to issue over 5-year bonds, bankers say

RefinitivLess than 1 min read

India's Godrej Industries GODREJIND plans to raise as much as 8 billion rupees ($91.13 million), which includes a greenshoe option of 2.5 billion rupees, through the sale of bonds maturing in five years and five months, three bankers said on Wednesday.

It has invited coupon and commitment bids for the issue on Thursday, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on September 17:

Issuer

Tenure

Coupon (in %)

Issue size (in bln rupees)*

Bidding date

Rating

Godrej Industries

5 years and 5 months

To be decided

5.5+2.5

September 18

AA+ (Crisil)

NIIF Infrastructure Finance

5 years and 2 months

To be decided

2+4

September 18

AAA (Icra)

Aditya Birla Housing Finance

3 years

To be decided

4+1

September 18

AAA (Crisil)

TVS Credit Services

3 years

To be decided

5+2

September 18

AA+ (Crisil)

Nuvoco Vistas Corp

3 years

7.70

6

September 17

AA (Crisil)

Numaligarh Refinery

10 years

To be decided

10+40

September 22

AAA (Crisil, India Ratings)

* Size includes base plus greenshoe for some issues

($1 = 87.7830 Indian rupees)

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