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India Corporate Debt Pipeline as on Nov 20

Fri Nov 20, 2009 10:23am IST
 
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 MUMBAI, Nov 20 (Reuters) - Following is a list of the
latest and recently concluded corporate bond issuances and news
stories related to them.
 NEW ISSUES:
 -----------
 Issuer               Size             Coupon          Maturity
                (bln rupees)       (in pct)
 IDBI Bank               2.5*            8.53             10-yr
                                                      
(LT2)
 ISSUES OPEN:
 ------------
 Bank of Baroda          6               9.15         Perpetual
                                                       
(T1)
 West Bengal
 Financial Corp          0.5             8.60            
10-yr
 Tube Investments        0.5             8.50             
5-yr
 IDBI Bank               2.5*            8.90             15-yr
                                                      
(UT2)
 ISSUES CLOSED:
 --------------
 Exim Bank               5               5.55             
3-yr
 Exim Bank               5               5.60             
3-yr
 NPCIL                   7               8.50             10-yr
                      6.5         GSec+190 bps        
10-yr
 Indian Oil              20.44           8.20             
2023
 SAIL                    3.35            8.60            
10-yr
 PNB Housing Finance     2               8.55              5-yr
                                      8.85            
10-yr
 GE Shipping             2               9.60            
10-yr
 REC                     18              7.75              3-yr
                                      8.80            
10-yr
 LATEST NEWS
 ---------------------------------------------------------------
 - ICICI Bank (ICBK.BO: Quote, Profile, Research) has set price guidance of about 350
basis points over U.S. Treasuries for dollar bonds due to
mature in March 2015, a source close to the deal said on
Thursday.[ID:nHKG264122]
 IDBI Bank (IDBI.BO: Quote, Profile, Research) will start selling up to 3.5 billion
rupees of 8.53 percent lower Tier-II bonds on Friday.
[ID:nBOM496179]
 Exim Bank has raised 5 billion rupees via 5.55 percent
three-year bonds. [ID:nBOM489341]
 Shree Cements will sell 3 billion rupees of 8.10 percent
three-year bonds next week. [ID:nBOM249248]
 *-Issue has a greenshoe option to retain oversubscription
 **-Final book not yet compiled
LT2-Lower Tier II bonds
UT2-Upper Tier II bonds
T1- Perpetual Tier I
  (Reporting by Mumbai Treasury Desk; Editing by )













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