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India's corporate debt pipeline, as of Nov 8
November 8, 2012 / 11:57 AM / 5 years ago

India's corporate debt pipeline, as of Nov 8

MUMBAI, Nov 8 (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
  ---------------------
   * 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. 
   * India's Rural Electrification Corp Ltd has received bids of over 25 billion
rupees ($465.03 million) for its minimum 5 billion rupees bond sale. 
   * Steel Authority of India plans to raise at least 1.5 billion rupees ($27.90
million) through a bonds sale. 

  PREVIOUS ANNOUNCEMENTS
  --------------------- 
  *  India's LIC Housing Finance plans to raise at least 4 billion rupees ($74.36
million) in a two-tranche bond sale. 
  *  India's L&T Shipbuilding has finalised terms for its 25 billion rupees ($470.59 million)
dual-tranche bond sale and has picked two arrangers, two sources with direct knowledge of the
plans said on Friday. 
  * Power Grid Corp of India priced its new bonds at 8.85 percent, 10 bps inside the upper cap
of 8.95 percent.      
  * India's LIC Housing Finance plans to raise at least 6.5 billion rupees ($122.58
million) in two tranche bond sale. 
  *  India's Housing Development Finance Corp plans to raise at least 5 billion rupees
($94.29 million) through two-year bonds at 9.18 percent. 
  *  India's Godrej Consumer Products Ltd plans to raise 2.5 billion rupees ($47.15
million) via two-year zero coupon bonds at 9.40 percent. 
  * Sesa Goa, owned by miner Vedanta Resources, plans to raise 11 billion
rupees ($207.02 million) through one-year commercial paper at a yield of 9.20 percent.
 
  * Sterlite Industries plans to raise 5 billion rupees ($94.3 million) through a bond
issue at 9.40 percent. 
  * Air India's proposed jumbo 74 billion rupees ($1.3bn) 19-year bond sale has failed to take
off again, after it postponed the deadline for bid submissions to October 12. The company is
still hoping to get an unconditional guarantee before the new deadline. (IFR) 
   * India's Power Finance Corp is planning to launch an unsecured bond sale to raise
at least 1.5 billion rupees ($28.72 million). 
  * India's Bharat Petroleum Corp is planning to raise 5 billion rupees ($95.74
million) via bonds at 8.65 percent. 
  * India's Housing Development Finance Corp plans to raise at least 2 billion rupees
($38.30 million) through five-year bonds at 9.20 percent.  
  * L&T Seawoods, a subsidiary of engineering and construction giant Larsen & Toubro,
is planning a three-year bond sale of up to 4 billion rupees ($76 million). 
  * India's Rural Electrification Corp (REC) has received bids of over 34 billion
rupees ($644.61 million) for its minimum 1.5 billion rupee bond sale. 
  * Mortgage financier HDFC fixed its second bond sale on Thursday. The new minimum 3
billion rupees ($56 million) 5-year sale was priced at 9.25 percent, at the same level as the
previous 2 billion rupees 2-year sale fixed earlier in the day.  
  * National carrier Air India has once again postponed the deadline for bid submissions for its
proposed jumbo 74 billion rupees ($1.3 bln) 19-year sale. 
  * State-owned Gujarat State Power Corp will wrap up its debut 30 billion rupees ($563 mln)
three-tranche bond sale tomorrow via Axis Bank, ICICI Bank and Trust Capital.  
  * The Central Bank of India is planning to borrow at least 2 billion rupees ($37.41
million) via perpetual bond at 9.40 percent 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     

 (Compiled by Archana Narayanan)

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