Nuvoco Vistas Corp to issue 3-year bonds, bankers say
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India's Nuvoco Vistas NUVOCO plans to raise 6 billion rupees ($68.3 million), selling bonds maturing in three years, three merchant bankers said on Wednesday.
The company will pay an annual coupon of 7.70%, and has invited commitment bids from bankers and investors later in the day, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on September 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Nuvoco Vistas Corp | 3 years | 7.70 | 6 | September 17 | AA (Crisil) |
Numaligarh Refinery | 10 years | To be decided | 10+40 | September 22 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 87.8700 Indian rupees)
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