January 29, 2013 / 11:38 AM / 5 years ago

India's corporate debt pipeline as of Jan 29

MUMBAI, Jan 29 (Reuters) - The following list contains details of recently-issued corporate bonds. A list of the latest announced details is attached at the bottom.

LATEST ANNOUNCEMENTS ---------------------

* Housing Development Finance Corp, India’s biggest mortgage lender, plans to raise at least 2.5 billion rupees ($46.38 million) through five-year bonds at 9.05 percent coupon.

* India’s Tata Steel is planning to raise 10 billion rupees ($185.82 million) through a dual tranche bond sale.

* Housing Development Finance Corp (HDFC), India’s biggest mortgage lender, is planning to raise 5 billion rupees ($92.91 million) through one-year one-day bonds at 9.05 percent annual coupon.

* National Bank for Agriculture and Rural Development (NABARD) plans to raise 2 billion rupees ($37.2 million) through one-year one-day bonds at 8.65 percent.

* India’s Rural Electrification Corp Ltd fixed an annual coupon of 8.70 percent and was set to raise 15 billion rupees ($278.73 million) through the sale of five-year bonds.

* Airports Authority of India (AAI) invited bids on Monday to raise up to 5 billion rupees ($91.47 million) via five-year bonds.

* IDFC Ltd is planning to raise at least 3 billion rupees ($54.69 million) via three-year bonds at 8.85 percent.

* Mahindra and Mahindra Financial Services is planning to raise at least 2.5 billion rupees ($45.57 million) through 10-year unsecured subordinate debt at 9.80 percent annual coupon.

* State-owned Power Finance Corp has priced its new 10 billion rupee ($181 million ) 5-year bonds at 8.75 percent. The bonds, with a put/call option after year 2, went to ICICI Bank, which bid at the lowest coupon. (IFR)

* Exim Bank plans to raise at least 1 billion rupees ($18.38 million) via five-year bonds at 8.76 percent.

* National Housing Bank plans to raise 10 billion rupees ($182.27 million) via bonds at 8.95 percent coupon.

* Raymond Ltd is planning to raise 750 million rupees ($13.74 million) through two-year bonds at 10.50 percent.

* Power Finance Corp Ltd has invited quotes on Thursday to raise at least 1.5 billion rupees ($27.47 million) through two-year bonds.

* PNB Housing Finance Ltd, a unit of Punjab National Bank , plans to raise 4 billion rupees ($73.94 million) via dual tranche bonds.

* Exim Bank plans to raise 1 billion rupees ($18.32 million) via ten-year bonds at 8.93 percent.

* National Housing Bank plans to raise up to 5 billion rupees ($91.45 million) via bonds at 8.78 percent coupon.

* United Bank of India plans to raise 3 billion rupees ($55.15 million) via unsecured perpetual bonds at 9.27 percent.

* Sterlite Industries plans to raise 5 billion rupees ($91.92 million) through a bond issue at 9.40 percent.

* Sterlite Industries plans to raise 5 billion rupees ($91.92 million) through a bond issue at 9.24 percent.

* LIC Housing Finance Ltd plans to raise at least 2 billion rupees ($35.98 million) via two-year bonds at 9.37 percent.

* Power Finance Corp plans to sell at least 1 billion rupees ($18.15 million) via tax-free bonds.

* Rural Electrification Corp Ltd plans to sell up to 5 billion rupees ($90.76 million) via a private placement of tax-free bonds.

PREVIOUS ANNOUNCEMENTS ---------------------

* National Bank for Agriculture and Rural Development (NABARD) plans to raise 5 billion rupees ($91.26 million) via three-year bonds at 8.83 percent.

* Oriental Bank of Commerce Ltd is planning to raise 12 billion rupees ($219.02 million) via lower tier II bonds at 8.93 percent coupon.

* India’s Exim Bank plans to raise at least 2 billion rupees ($36.99 million) via three-year bonds with a put/call at the end of 18 months at 8.65 percent.

* Steel Authority of India has raised 5 billion rupees ($91.65 million) through its at least 1.5 billion rupees bonds sale.

* Hindustan Petroleum Corp has commitments worth at least 4 billion rupees ($73.32 million) through its three-year bond sale at 8.75 percent. * Volkswagen Finance Private Ltd, a unit of Volkswagen AG , plans to raise 3 billion rupees ($54.99 million) through dual tranche bonds. * Indian state-run refiner Hindustan Petroleum Corp Ltd plans to raise at least 2 billion rupees ($37.20 million) via a three-year bond sale. * India’s Century Textiles & Industries Ltd plans to raise 5 billion rupees ($93.01 million) through three-year bonds with a put/call option at the end of 30 months at 10.07 percent monthly coupon.

---------------------------------------------------------------- ------------------------------ *-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 (Reporting by Archana Narayanan)

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