India Corporate Debt Pipeline as on Nov 19
MUMBAI, Nov 19 (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) None 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]
Punjab National Bank (PNBK.BO: Quote, Profile, Research) plans to raise about 7 billion rupees via upper Tier-II and perpetual bonds. [ID:nBMB009108] *-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 Sunil Nair)
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