HDB Financial to reissue more than 2-year bonds, bankers say
India's HDB Financial Services HHDBFS plans to raise 15 billion rupees ($170.9 million), including a greenshoe option of 10 billion rupees, through the reissue of 7.9611% January 2028 bonds, three bankers said on Tuesday.
It will pay a coupon of 7.15% and has invited commitment bids for the issue on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HDB Financial Services January Reissue | 2 years and 4 months | 7.15% | 5+10 | August 6 | AAA(Crisil) |
Aditya Birla Capital May Reissue | 9 years and 9 months | To be decided | 1.5+4.5 | August 6 | AAA (Crisil) |
Tata Communications | 3 years | 6.77 | 10 | August 6 | AAA (Care) |
*Size includes base plus greenshoe for some issues.
($1 = 87.7925 Indian rupees)
