Interise Trust accepts bids for bond issues, bankers say
India's Interise Trust IINTERISE has accepted bids worth 20.75 billion rupees ($236.16 million) through two series of bonds maturing in 19 years, five months and 15 days each, three bankers said on Thursday.
The Infrastructure Investment Trust will pay a coupon of 6.96% and 7.3014%, respectively, payable quarterly, they said.
One issue has a call option at the end of three years and another at the end of 10 years, they added.
The trust had invited commitment bids for the issue on Wednesday, the bankers said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on October 16:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Interise Trust | 19 years, 5 months and 15 days | 6.96 (quarterly) | 10.5 | October 15 | AAA (India Rating, Icra) |
Interise Trust | 19 years, 5 months and 15 days | 7.3014 (quarterly) | 10.25 | October 15 | AAA (India Rating, Icra) |
NABARD Jan 2029 issue | 3 years and 3 months | To be decided | 20+50 | October 17 | AAA (Icra, India Ratings) |
SBI | 10 years | To be decided | 50+25 | October 17 | AAA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 87.8650 Indian rupees)
