ReutersReuters

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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