Shriram Finance to issue multiple-tenor bonds, bankers say
India's Shriram Finance 
SHRIRAMFIN planning to raise an aggregate of up to 60 billion rupees ($718.65 million) through bonds maturing in two years and five years and through reissue of 9.233% May 2027 notes, three bankers said on Friday.
The issuer plans to raise up to 15 billion rupees, including a greenshoe of 12.5 billion rupees via two-year bonds, and up to 24 billion rupees, including a greenshoe of 20 billion rupees via five-year bonds.
Separately, it also plans to raise up to 21 billion rupees, including a greenshoe of 17.5 billion rupees, via the May 2027 reissue.
Here is the list of deals reported so far on May 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Shriram Finance | 2 years | 9.2 | 2.5+12.5 | May 22 | AA+ (Crisil) |
Shriram Finance | 5 years | 9.2 | 4+20 | May 22 | AA+ (Crisil) |
Shriram Finance May 2027 reissue | 3 years | To be decided | 3.5+17.5 | May 22 | AA+ (Crisil) |
Cholamandalam Investment | 5 years | 8.65 | 10+10 | May 21 | AA+ (Icra, India Ratings) |
* Size includes base plus greenshoe for some issues
($1 = 83.4900 Indian rupees)