HDB Financial to reissue 3-year bonds, bankers say
HDB Financial Services is gearing up to secure ten billion rupees via a bond reissue, enticing investors with a yield of seven point seven five percent. Bids for this alluring opportunity will be collected on Wednesday. The offering pertains to a ...
By Reuters |
India's HDB Financial Services plans to raise up to 10 billion rupees ($103.91 million), including a greenshoe option of 6 billion rupees, through the reissue of 8.2301% July 2029 bond, three bankers said on Tuesday.
It will offer a yield of 7.75%, and has invited commitment bids for the issue on Wednesday, they said. The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 21: Issuer Tenure Coupon (in %) Issue size (in Bidding Rating bln rupees)* date HDB Financial 3 years 7.75 (yield) 4+6 July 22 AAA Services Reissue of (Crisil 8.2301% July 2029 , Care) bond *Size includes base plus greenshoe for some issues ($1 = 96.2325 Indian rupees)
It will offer a yield of 7.75%, and has invited commitment bids for the issue on Wednesday, they said. The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 21: Issuer Tenure Coupon (in %) Issue size (in Bidding Rating bln rupees)* date HDB Financial 3 years 7.75 (yield) 4+6 July 22 AAA Services Reissue of (Crisil 8.2301% July 2029 , Care) bond *Size includes base plus greenshoe for some issues ($1 = 96.2325 Indian rupees)
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