Tata Capital accepts bids for bond reissues, bankers say
India's Tata Capital 8855TCAPS27 has accepted bids worth 23 billion rupees ($267.44 million) for the reissue of 7.68% September 2027 bonds and 8.07% October 2028 bonds, three bankers said on Monday.
The company has accepted bids worth 13 billion rupees and 10 billion rupees on these bonds respectively.
It had invited bids for the issue from bankers and investors earlier 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 July 14:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Tata Capital Sep 2027 reissue | 2 years and 2 months | 7.02 (yield) | 13 | July 14 | AAA (Icra, Crisil) |
Tata Capital Oct 2028 reissue | 3 years and 3 moths | 7.1550 (yield) | 10 | July 14 | AAA (Icra, Crisil) |
L&T Finance | 2 years | 7.12 | 10 | July 14 | AAA (India Ratings, Crisil) |
Poonawalla Fincorp | 2 years and 2 months | 7.5285 | 7.8 | July 14 | AAA (Crisil) |
* Size includes base plus greenshoe for some issues
($1 = 85.9990 Indian rupees)
