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