HUDCO to issue 3-year bonds, bankers say
India's Housing and Urban Development Corp (HUDCO) 
HUDCO to raise 30 billion rupees ($349.74 million), including a greenshoe option of 25 billion rupees, through the sale of bonds maturing in three years, three bankers said on Friday.
The company has invited coupon and commitment bids from bankers and investors on Tuesday, they said.
HUDCO did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on July 11:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HUDCO | 3 years | To be decided | 5+25 | July 15 | AAA (Icra, India Ratings) |
Poonawalla Fincorp | 2 years and 2 months | To be decided | 7.5+7.5 | July 14 | AAA (Crisil) |
L&T Finance | 2 years | 7.12 | 5+5 | July 14 | AAA (India Ratings, Crisil) |
Tata Capital | 2 years and 2 months | To be decided | 10+5 | July 14 | AAA (Icra, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.7770 Indian rupees)
