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India's corporate debt pipeline, as of Aug 1
MUMBAI, Aug 1 (Reuters) - The following list contains details of recently-issued corporate
bonds. A list of the latest announced details is attached at the bottom.
Issuer Size Coupon Maturity Rating Open/close Total raised
(bln rupees) (in pct) (years) (bln rupees)
ISSUES OPEN
--------------
IDFC 2 9.43 2 AAA FITCH -
WELSPUN 4 11.15, 7yr -AA CARE -
put/call option after year 5
11.25 7yr plain
HINDALCO 15 9.60 10 - -
HDFC CORP 1.5 9.60 2 AAA CRISIL -
EXPORT-IMPORT BANK 500mln 355bps+US 5 AAA CRISIL -
OF INDIA treasury rate
RURAL 5 9.15, 179 days, A+ CARE July 31
ELECTRIFICATION 9.10 360 days
BOARD
FORBES & CO. 750mln 10.75 5 AA- CRISIL -
HPCL-MITTAL 10 4 10 AA-(ind) FITCH -
PIPELINES
BMW INDIA FINANCIAL 8 9.95, 2-,3-, AAA CRISIL -
SERVICES 10.05, 5-yr
10.25
TUBE INVESTMENTS 1.5 9.95 6 AA CRISIL -
OF INDIA Put/call option at the end of 3 years
TATA MOTORS 3 9.85 3
JINDAL POWER LTD 5 - 2 - -
Put/call option at the end of 6 months
HDFC CORP 10 9.45 5 AAA CRISIL -
Put/call option at the end of 13 months
NATIONAL HOUSING 2.5* - 3 - -
BANK Put/call option at the end of 366 days
ADITYA BIRLA 3 10.40 2 - -
NUVO
UNIT
HDFC CORP 10 9.55 2 AAA CRISIL -
MAHINDRA WORLD 2.5 12.30 3-,4-, A CRISIL -
CITY 5-yr
TRIL INFORPARK 14 12.25 3 - -
Put/call option for the 2 bln tranche after year 1 and 2
NABARD 5 9.23 3 AAA CRISIL
Put option after 13 months
IDFC LTD 2 9.80 3 AAA FITCH -
Call only options after year 1 and 2
LIC HOUSING 2 9.64 2 AAA CRISIL -
FINANCE
HDFC 5 9.50 5 AAA CRISIL -
WELSPUN CORP 10 11 7-,10-yr AA CRISIL -
AA- BRICKWORK
put/call 7yr for 10yr bond
put/call 5yr for 7yr bond
PIRAMAL HEALTHCARE 5 9.39 3-mth - -
TATA SONS 3 9.78, 3-,10-year AAA CRISIL -
9.70
HDFC CORP 4 9.60 1-yr 1 day AAA CRISIL -
EXIM BANK 500 mln 9.16 3 AAA CRISIL -
SHRIRAM TRANSPORT 500 mln 10.85 10 - -
FINANCE
IDFC LTD 2.5 9.50 3 AAA FITCH -
HDFC CORP 2 9.60 3 AAA CRISIL -
AIR INDIA 74 9.50 19 -
INDIAN 11 - 20-,25-, AAA CRISIL -
INFRASTRUCTURE 30-yr AAA CARE
FINANCE CO
SHIRAM TRANSPORT 6 - 36-mth, - -
FINANCE 60-mth
NABARD 2 9.41 2-yr
APOLLO HOSPITALS 1.25 9.80 5 AA CRISIL -
ENTERPRISES Put/call option at the end of 3 years
NABARD 5* 9.41 3 AAA CRISIL July 17
Put/call option at the end of 2 years
EXIM 1.5 9.25 3 AAA CRISIL July 17
Put/call option at the end of 1 year
RURAL 25 9.40, 5-,7-yr - -
ELECTRIFICATION 9.39
BOARD
HPCL-MITTAL 5 10.45 10 AA -
PIPELINES
IDFC LTD 3 9.64 27-month AAA FITCH -
LIC HOUSING FINANCE 4 9.75 29-month AAA CRISIL -
LIC HOUSING FINANCE 1 9.75 37-month AAA CRISIL -
EXIM 1* 9.25 10 AAA CRISIL July 12
EXIM 1* 9.32 3 AAA CRISIL July 6 3.10
HDFC 3 9.60 1-yr 1-day AAA CRISIL -
M&M FIN 1.25 9.95 3 AA+ CRISIL - -
L&T FINANCE 3 45 bps+base 2 AA+ CARE - -
rate
L&T FINANCE 2 10.20 2 AA+ CARE -
HOLDINGS
NABARD 2 9.45 2 AAA CRISIL -
SHRIRAM EQUIPMENT 2 10.60 3 AA+ CARE -
FINANCE AA CRISIL
NABARD 2* 9.35 3 AAA CRISIL -
POWER GRID CORP 10 9.35 16 AAA CRISIL June 26
LAAA ICRA
DENA BANK 8.5 9.23 15 - -
PNB HOUSING 3 9.25 10 AA CRISIL June 25 - June 27
FINANCE
HDFC 2* 9.55 5 AAA CRISIL -
IDFC 2 9.80 14-month -
IDFC 2 9.71 2 -
NABARD 2* 9.3970 1.5 AAA CRISIL -
NABARD 12 9.40 4-yr 48-day AAA CRISIL -
LIC HOUSING 3* 9.75 40-month AAA CRISIL -
LIC HOUSING 2* 9.80 28-month AAA CRISIL -
NEEPCO - 9.25 7
HPCL-MITTAL 5 4.00 10 AA FITCH -
ENERGY
L&T FINANCE 3 10.l5 2 AA+ CARE June 8
HOLDINGS
NATIONAL HOUSING -- 9.55-9.65 3
BANK Put/call option at the end of 366 days
NABARD 2* 9.33 5 AAA CRISIL -
TATA SONS 1.5* 9.69 10 AAA CRISIL -
TATA MOTOR FIN 1* 10.40 2-,3-yr AA-CRISIL -
IDFC 2* 9.75 25 month AAA FITCH -
LIC HOUSING 2* 9.70 5 AAA CRISIL June 8
HDFC 5* 9.70 5 AAA CRISIL June 7
RECENTLY CLOSED
-------------------
APPOLLO HOSPITALS 1.25 9.80 5 AA CRISIL
ENTERPRISE Put/call option after year 3
INDIGOLD 8 10.60 yld 13 month ICRA AA+ June 25 8
MAHINDRA AND 1.25 9.95 3 AA+ July 3
MAHINDRA FINANCIAL
SERVICES
YES BANK 4 10.50 T1 AA- CARE June 25
AA- ICRA
Call option after year 10
YES BANK 600mln 10.25 UT2 AA- CARE June 25
AA- ICRA
POWER GRID CORP 10 9.35 4yr-16yr A CRISIL 39.975
A ICRA
HDB FINANCIAL 850 mln* 10.10 5 AA CARE June 11
SERVICES
POWER FINANCE 1.5 9.40, 5, 10 June 22 30.00
CORP 9.39 put/call 7yr for 10yr bond
NABARD 2* 9.50 3 AAA CRISIL June 4 10.00
HDFC 3* 9.85 3 AAA CRISIL June 5 5.00
IREDA 3 9.49 10 AAA (SO) May 31 3.00
CARE
LIC HOUSING 2* 9.75 5 AAA CRISIL June 5 2.50
NABARD 2* 9.40 5 AAA CRISIL May 24 4.40
HDFC 2.5* 9.85 3 AAA CRISIL May 28 2.60
STEEL AUTHORITY 2.5* 9.30 10 AAA CRISIL May 25 3.80
OF INDIA redemption in 5 equal installments
IL&FS 1 9.80 10 AAA CARE May 30 4
NIRMA 1.5 10.50 2 AA CRISIL May 31 1.5
TATA MOTORS 5* 10 5-, 7-yr AA- CRISIL May 25 5
TATA SONS 1.5* 9.85 5 AAA CRISIL May 21 3.10
LIC HF 1.5* 9.90 2 AAA CRISIL
NABARD 2* 9.46 3 AAA CRISIL May 21 2.00
HDFC 2 10 1 yr, 1 day AAA CRISIL May 16 2.30
TATA MOTORS 2* 10.40 2,3 AA- CRISIL
LIC HF 2.5* 9.70 5 AAA CRISIL
IDFC 1* 9.77 18-month AAA FITCH May 15 1
EXIM 2.5* 9.30 10 AAA CRISIL May 11 7.67
BHARAT EARTH 3 9.24 10 LAA+ ICRA May 14 3
MOVERS LTD semi redeemed in 8,9,10th year
HDFC 2 9.50 10 AAA CRISIL May 9 2
ADITYA BIRLA FIN 2.5* 10.50 10 AA CARE May 2/May 16 2.5
sub debt
GODREJ CONSUMER 500 mln 9.80 18 AA ICRA April 27 0.5
HDFC 5 9.97 15-month AAA CRISIL May 7 5.75
LIC HOUSING FIN 2.5 9.85 2 AA + CARE May 3 2.6
L&T INFRA FIN 2 9.90 10 AA + CARE May 1 2
sub debt
NTPC Ltd 5* 9.25 15 AAA CRISIL May 4 5
STRPP 11th yr
LATEST ANNOUNCEMENTS
---------------------
* Gujarat State Petroleum Corp is exploring a debut in the rupee bond market with an 10
billion rupees ($180 mln) sale. The company met with banks last week on the potential sale and a
RFQ is expected to be sent to half a dozen banks soon.(IFR)
* State-owned India Infrastructure Finance Company is planning to tread on a road less
travelled with a rare 25- to 30-year US dollar bond debut.(IFR)
* India's IDFC Ltd plans to raise at least 2 billion rupees ($35.96 million) via
two-year bonds at 9.43 percent, a source with direct knowledge of the deal said on
Wednesday.
* India's Welspun Corp Ltd plan to raise up to 4 billion rupees ($71.92 million) via
bonds to repay debt, a source with direct knowledge of the deal said on
Wednesday.
* Steel Authority of India is planning to raise 5 billion rupees ($89.90 million) in
commercial papers, three sources with direct knowledge of the deal said on
Wednesday.
* India's Housing Development Finance Corp plans to raise at least 1.5 billion
rupees ($27.04 million) via two-year bonds at 9.60 percent, a source with direct knowledge of
the deal said on Tuesday.
* Export-Import Bank of India launched a five-year benchmark-sized dollar bond sale on
Tuesday, two sources with direct knowledge of the deal said, becoming the second state-run
lender to seek funding from overseas markets in as many weeks.
* India's Rural Electrification Corp is planning to raise at least 5 billion rupees
($90.35 million) via commercial papers, three sources with knowledge of the deal said on
Monday.
* India's Forbes & Co plans to raise up to 750 million rupees ($13.6 million) via
5-year bonds at 10.75 percent, a source close to the deal told Reuters on Monday.
* India's HPCL-Mittal Pipelines is planning to raise 10 billion rupees ($179.36 million) in a
bond sale and is currently in talk with bankers, three sources aware of the plans said on
Friday.
* BMW India Financial Services has raised 8 billion rupees ($142.44 million) through a bond
sale, a source with direct knowledge of the deal said on Thursday.
* Tube Investments of India is planning to raise 1.5 billion rupees ($26.71 million)
by issuing dual tranche bonds, a source with knowledge of the matter said on Thursday.
* State Bank of India launched a five-year dollar bond sale with final guidance of
380 basis points over Treasuries and will aim to raise between $1-2 billion, two sources with
direct knowledge of the deal said on Wednesday.
* India's Suzlon Energy has raised $281 million in short-term loans to repay its
foreign convertible bondholders, days before the extended maturity date, IFR reported on
Wednesday.
* Jindal Power Ltd, a unit of Jindal Steel & Power Ltd, plans to raise 5 billion
rupees ($89 million) through bonds, a source with direct knowledge of the deal said on
Wednesday.
* Tata Motors is planning to raise 3 billion rupees through bonds maturing in March
2015 at 9.85 percent, a source with direct knowledge of the deal told Reuters on
Wednesday.
* India's Housing Development Finance Corp has raised 10 billion rupees ($178.83
million) through five-year bonds with a put/call option at the end of 13 months of 9.45 percent,
a source with direct knowledge of the matter said on Tuesday.
* India's National Housing Bank (NHB) plans to raise up to 5 billion rupees ($89.41 million)
via 3-year bonds with a put/call option after 366 days, two sources with knowledge of the deal
said on Tuesday.
* A unit of Aditya Birla Nuvo is planning to raise 3 billion rupees ($54.33 million)
through 2-year bonds at a coupon of 10.40 percent, a source with direct knowledge of the deals
said on Monday.
* State-run Power Finance Corp is planning a new bond sale this week. The company is
thinking of a short-term structure of 3 to 5 years.
* India Infrastructure Finance Co has set a coupon of 9.41 percent for 25-year
bonds and 9.36 percent for 30-year bonds, two sources with direct knowledge of the deal said on
Monday.
* India's Housing Development Finance Corp is planning to raise 10 billion rupees
($181.11 million) through two-year bonds at 9.55 percent, a source with direct knowledge of the
matter said on Monday.
* Mahindra World City (Jaipur), a unit of Mahindra Lifespace Developers, has raised
2.5 billion rupees ($45.33 million) after selling bonds at 12.30 percent, a source with direct
knowledge of the deal said on Friday.
* India's TRIL Infopark is planning to raise 14 billion rupees ($253.83 million) through a
dual tranche bond at a quarterly coupon payment of 12.25 percent, two sources with direct
knowledge of the deal said on Friday. The funds raised will be used to refinance existing loans,
said one of the sources.
* National Bank for Agriculture and Rural Development (NABARD) has priced a 5 billion rupees
($90.2 million) 3-year paper via Yes Bank. The bonds pay a coupon of 9.23
percent.(IFR)
* BMW India Financial Services is planning to raise 5 billion rupees ($90.16 million) through
a bond sale, a source with direct knowledge of the deal said on Thursday.
* India's IDFC Ltd plans to raise at least 2 billion rupees ($36.07 million) via
three-year bonds at 9.80 percent, two sources with direct knowledge of the deal said on
Thursday.
* India's LIC Housing Finance is planning to raise at least 2 billion rupees ($36.07
million) via 2-year bonds at 9.64 percent, a source with direct knowledge of the matter said on
Thursday.
* India's Housing Development Finance Corp is planning to raise up to 5 billion
rupees ($90.2 million) through five-year bonds at 9.50 percent, a source with direct knowledge
of the matter said on Thursday.
* India Infrastructure Finance Co has decided to raise 11 billion Indian rupees
($199.00 million) through a dual-tranche bond offering, comprising 25-, and 30-year bonds, three
sources with direct knowledge of the deal said on Tuesday.
* Welspun Corp is planning to raise up to 10 billion ($181 million) from a
dual-tranche bond sale. The bonds will be sold in in two tranches - a 10-year piece with a
put/call option at the end of year 7 and a 7-year tranche with a put/call after year 5.
(IFR)
* Indian drug maker Piramal Healthcare plans to raise 5 billion rupees ($90.46
million) through 3-month commercial paper at 9.39 percent, a source with direct knowledge of the
deal said on Tuesday.
* Tata Sons, the holding company of India's Tata Group, plans to raise at least 3 billion
rupees ($54.27 million) via dual-tranche bonds, a source with direct knowledge of the matter
said on Tuesday.
* Apollo Hospitals Enterprise has raised 1.25 billion rupees($22.5 million) from a
5-year secured bond sale. The bonds, with a put/call at the end of three years, pay a coupon of
9.80 percent.(IFR)
* India's Housing Development Finance Corp is planning to raise at least 4 billion
rupees ($72.51 million) through one-year one-day bonds at 9.60 percent, a source with direct
knowledge of the matter said on Monday.
* The Export-Import Bank of India plans to raise at least 500 million rupees ($9.06 million)
via 3-year bonds at 9.16 percent, a source close to the deal told Reuters on
Monday.
* Shriram Transport Finance plans to raise 500 million rupees ($9.06 million) via
10-year subordinate debt with 10.85 percent coupon, two sources with direct knowledge of the
deal said on Monday.
* India's IDFC Ltd plans to raise at least 2.5 billion rupees ($44.75 million) via
3-year bonds at 9.50 percent, a source with direct knowledge of the deal said on
Friday.
* India's Housing Development Finance Corp is planning to raise at least 2 billion
rupees ($35.80 million) through three-year bonds at 9.60 percent, a source with direct knowledge
of the matter said on Friday.
* Ailing national carrier Air India has invited banks to bid for underwriting roles
in a sale of 74 billion rupees ($1.34 billion) of government-guaranteed bonds, a document seen
by Reuters showed.
* India Infrastructure Finance Co has invited offers by Monday to raise up to 11
billion rupees via 20-, 25-, 30-year bonds, three sources with direct knowledge of the deal
said.
* Shriram Transport Finance plans to raise up to 6 billion rupees ($108.33 million)
through a public issue of bonds, two sources with direct knowledge of the deal said on
Wednesday. The non-banking financial institution will issue interest-bearing bonds with 36- and
60-month tenures and non-interest bearing bonds, which will be redeemable at a premium in the
same tenures, said the sources.
* India's National Bank for Agriculture and Rural Development, or NABARD, plans to raise at
least 2 billion rupees ($36.11 million) through two-year bonds at 9.41 percent, a source with
direct knowledge of the deal said on Wednesday.
* Apollo Hospitals Enterprise has raised 1.25 billion rupees($22.5 million) from a
5-year secured bond sale. The bonds, with a put/call at the end of three years, pay a coupon of
9.80 percent.(IFR)
* State-run National Bank for Agriculture and Rural Development (NABARD) has priced a new 5
billion rupees ($90 million) 3-year bond deal at 9.41 percent. The deal, with an unspecified
greenshoe, has a put/call at the end of two years.(IFR)
* Export-Import Bank of India (EXIM) has priced a 1.5 billion 3-year bond deal at 9.25 percent
which has a put/call at the end of the first year. (IFR)
* India's Rural Electrification Corp has invited banks to bid on Monday for a bond
sale of up to 25 billion rupees ($453.43 million), a senior company source said on
Friday.
* India's LIC Housing Finance is planning to raise at least 4 billion rupees ($72.55
million) via 29-month bonds at 9.75 percent, a source with direct knowledge of the matter said
on Friday. The company is also raising at least 1 billion rupees via 38-month bonds at 9.75
percent.
* India's IDFC Ltd plans to raise at least 3 billion rupees via 3-tranche bonds, a
source with direct knowledge of the deal said on Wednesday. Separately, IDFC said it plans to
raise at least 3 billion rupees via 27-month bonds at 9.64 percent.
[ID:nL3E8I622U ]
* Shriram Transport Finance Co has priced a multi-tenor deal of over 2 billion rupees with a
step-down coupon structure. (IFR)
* Tamil Nadu Power Finance and Infrastructure Development Corp. is planning to raise up to 60
billion ($1 billion) from a long-term bond sale. Rating agency ICRA has recently assigned A to
the bonds which carry a guarantee from the state government.( IFR)
* Yes Bank has wrapped up two separate bond trades. The bank settled on June 25 a
1.4 billion ($24.5 million) perpetual bond deal paying a coupon of 10.50 percent. The bonds have
a call option after year 10. The bank also did a 600 million Upper Tier -2 deal paying a coupon
of 10.25 percent. (IFR)
* India's LIC Housing Finance is planning to raise at least 1 billion rupees ($17.51
million) in 3-year bonds at a 9.75 percent coupon, a source with direct knowledge of the matter
said on Tuesday.
* Hindalco Industries, a unit of India's Aditya Birla Group, is poised to announce a
15 billion rupees bond sale.Crisil assigned an AA+ rating to the bond. (IFR)
* National Bank for Agriculture and Rural Development has priced a 2 billion rupees ($35.3
million) 3-year bond sale at 9.35 percent. The issue has an unspecified greenshoe
option.(IFR)
* HDB Financial Services has raised 850 million rupees ($15 million) from a 5-year
bond sale, including a greenshoe of 200 million rupees. The bonds will pay 10.10 percent coupon
annually. The issue, which opened on June 7, closed and settled on June 11.(IFR)
* State-run Power Finance Corp closed its dual-tranche bond issue at over 30
billion rupees ($531 million) last Friday. (IFR)
* Power Grid Corp, an Indian state-run utility, is launching a bond issue on Monday
to raise at least 10 billion rupees, a senior company source with direct knowledge of the deal
said on Friday.
* Sole bookrunner SBI Caps closed a 8.76 billion ($155 million) project finance loan for
Jabalpur Transmission Co Ltd (JTCL). The loan, which matures in June 2026, was signed on June 11
by six banks.(IFR)
* India's Ashok Leyland plans to raise 3 billion rupees ($53.50 million) via dual
tranche bonds, a source with direct knowledge of the deal said on Friday.
* Power Finance Corp has released a request for quotation this afternoon for a
dual-tranche bond. The company was expected to put out the RFQ on Wednesday but held back.
Twenty-one arrangers have been asked to bid by 5pm India time on Thursday day for a 5-year plain
vanilla bond and for a 10-year bond with a put/call at the end of 7-years. (IFR)
* Two state-run companies have called meetings with arrangers for potential rupee bond sales.
Steel Authority of India was meeting arrangers on Tuesday, while Power Grid Corp of
India will meet bankers on Wednesday to discuss its potential bond
plans.(IFR)
* Dena Bank has raised 8.5 billion ($152 million) from the sale of Lower Tier 2
bonds. These 15-years bonds with a call at the end of year 10 were priced on June 15 at 9.23
percent.(IFR)
* State-owned [Airports Authority of India] is close to scrapping its 5 billionn rupees
($89.7 million) dual-tranche bond sale after bids failed to meet its targeted
pricing.(IFR)
* State-owned Airports Authority of India has invited bids from six banks for a 5 billion
rupees ($89.7 million) dual-tranche issue consisting of a plain 5-year and a 5-year with
put/call option at the end of the third year. The bonds have a local "AAA"
rating.(IFR)
* PNB Housing Finance priced its 3 billion rupee ($54m) 10-year bond sale at a 9.25
percent semi-annual coupon. The issue will open for subscription from June 25 to 27. AK Capital,
Axis Bank, Darashaw, Kotak Mahindra Bank, I-Sec PD and Trust Capital are the arrangers.(IFR)
* HDFC has priced a 2 billion ($36 million) 5-year bond at 9.55 percent. The sale,
arranged by Yes Bank, has an unspecified greenshoe. (IFR)
* Indian metals maker Sterlite Industries has postponed its plans for an up to 24
billion rupee ($439 million) bond sale. Earlier this week the company had received bids for the
two-part bond which did not match its expectations. (IFR)
* IDFC has priced two deals separately. A 2 billion rupees ($6m) 14-month deal was priced via
ICICI Bank, yielding 9.80 percent. A second deal, also of 2 billion rupees is a 24-month paper
with a yield of 9.71 percent. This was arranged via Deutsche Bank.(IFR)
* State-run National Bank for Agriculture and Rural Development did two separate deals on
Tuesday. The first one was a minimum 2 billion rupee 18-month sale with a greenshoe. The bonds
pay 9.3970 percent coupon and yield of 9.47 percent. (IFR)
The issue has reached 3.7 billion rupees with Deutsche Bank (2 billion rupees), ING Vysa(700
million rupees), Axis Bank (500 million rupees) and ICICI Bank (500 million rupees) joining as
arrangers. (IFR)
Nabard also did a jumbo 12 billion rupee 4-year 48-day deal with Trust Capital as the
arranger. The bonds paid 9.40 percent, with EPFO as one of the big investors in the deal. (IFR)
* LIC Housing Finance priced a 40-month 3 billion rupees 9.75 percent deal plus a greenshoe,
sold via ICICI Bank and I-Sec PD. The deal settles on June 18. It also did a 28-month bond sale
at 9.80 percent and a minimum size of 2 billion rupees with a greenshoe. (IFR)
* Bids have been placed for a 7-year issue for North Eastern Electric Power
Corporation(Neepco). It is believed that Axis Bank bid the tightest at 9.25 percent semi-annual
for the AA- rated Neepco bonds. (IFR)
* HPCL-Mittal Energy and its wholly-owned subsidiary HPCL-Mittal Pipelines are turning to the
bond markets to meet their capital expenditure needs with each company lining up a 5 billion
rupees 10-year bond sale. (IFR)
* L&T Finance, owned by engineering and construction major Larsen & Troubro, has
priced an 3 billion rupees (USD54m) 2-year bond at 10.15 percent. (IFR)
* National Housing Bank is looking to do a 3-year bond with a put/call option at the end of
366 days. The bank is looking at a range of 9.55%-9/65%, according to a banker. (IFR)
* Indian metals maker Sterlite Industries is in talks with bankers to raise as much
as 25 billion rupees ($451.3 million) via bonds, proceeds of which will go to its unit Sterlite
Energy.
* Power Grid Corp, an Indian state-run transmission utility, is planning to borrow
at least 10 billion rupees via bonds.
* Tourism Finance Corp plans to raise up to 1.5 billion rupees ($27.01 million) via
10-year bonds at 9.95 percent. [ID: nL3E8H53NH]
* India's Rajasthan State Road Transport Corp is planning to raise up to 5 billion rupees
($90.04 million) in 10-year bonds at 9.70 percent semi-annual coupon.
* Indian developer Emaar MGF Land raised 22.6 billion rupees ($404.37 million) through a
private placement of bonds with a coupon of 11.25 percent.
* India's Power Finance Corporation may raise 25 billion rupees ($447.31 million)
via perpetual bonds for capital adequacy purposes.
* India's HPCL-Mittal Pipelines plans to raise 5 billion rupees ($89.04 million) in a bond
sale, and is currently in talk with bankers.
----------------------------------------------------------------------------------------------
*-Issue has a greenshoe option to retain over subscription.
**-Final book not yet compiled.
LT2-Lower Tier II bonds
UT2-Upper Tier II bonds
T1- Perpetual Tier I
# semi-annualised coupon
NCD - Non-convertible debentures
For news on debt issues, Reuters 3000 Xtra users can double click on one of the
following:
Indian bond issuances
Asia debt news
India Corporate debt pages on Reuters:
Spreads over Indian federal bonds
Indian secondary corporate bond deals
Secondary market Indian CP Prices
India Certificates of Deposit page
(Compiled by Madhura Karnik)
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