India Corporate Debt Pipeline as on July 3
MUMBAI, July 3 (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: ------------ PSIDC 0.5 9.05 10-yr PSEB 1.84 9.01 10-yr ISSUES CLOSED: -------------- Indian Oil 13.15 8.00 2026
0.21 8.01 2023 Bank of Baroda 5 8.54 15-yr
(UT2) Tata Chemicals 2.5 10.0 10-yr Tata Sons 3 8.70 3-yr IDBI Bank 5 8.95 15-yr
(UT2) Syndicate Bank 1.94 8.90 Perpetual
(T1) NHB 2.5 6.75 3-yr Union Bank of India 5 8.65 15-yr
(UT2) LATEST NEWS --------------------------------------------------------------- - Indian Oil Corp (IOC.BO: Quote, Profile, Research) on Thursday sold a total 13.36 billion rupees of the 2026 and 2023 oil bonds at a yield of 7.87 percent, but rejected bids for the 2021 bonds. [ID:nBOM323662]
Grasim Industries Ltd (GRAS.BO: Quote, Profile, Research) plans to raise 2 billion rupees via 8.01 percent five-year bonds. [ID:nBMB005750]
Bank of Baroda (BOB.BO: Quote, Profile, Research) has raised 5 billion rupees via 8.54 percent upper Tier-II bonds. [ID:nBMB005748]
*-Issue has a greenshoe option to retain oversubscription
LT2-Lower Tier II bonds
UT2-Upper Tier II bonds
T1- Perpetual Tier I (Reporting by Mumbai Treasury Desk; Editing by Ramya Venugopal)
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