Numaligarh Refinery accepts bids for 10-year bonds, bankers say
Numaligarh Refinery, a unit of Oil India has accepted bids worth 25 billion rupees ($569 million) for bonds maturing in 10 years, two merchant bankers said on Monday.
The company will pay an annual coupon of 7.34% on this issue and had invited coupon and commitment bids for its debut bond issue earlier in the day, they said.
In August, Reuters had reported that the company is planning to raise funds through a bond issue in September.
The company did not respond to an email seeking comment.
Here is the list of deals reported so far on September 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Numaligarh Refinery | 10 years | 7.34 | 25 | September 22 | AAA (Crisil, India Ratings) |
Aditya Birla Capital | 2 year and 6 month | 146 bps over 3-month OIS | 5 | September 23 | AAA (Crisil) |
Aditya Birla Capital | 5 years | 7.52 | 5 | September 23 | AAA (Crisil) |
Aditya Birla Capital Feb 2028 reissue | 2 year and 5 months | To be decided | 5 | September 23 | AAA (Crisil) |
Aditya Birla Capital Sep 2028 reissue | 3 years | To be decided | 5 | September 23 | AAA (Crisil) |
Roha Dye Chem | 5 years | 14 (yield) | 4 | To be decided | NA |
PFC | 2 year and 20 days | To be decided | 6+29 | September 23 | AAA (Crisil, Care) |
* Size includes base plus greenshoe for some issues
