MUMBAI, Feb 25 (Reuters) - India's National Housing Bank has accepted bids worth 48 billion rupees ($550.55 million) for bonds maturing in six years and 10 months, three bankers said on Tuesday.
It will pay an annual coupon of 7.35% on this issue and had invited coupon and commitment bids from bankers and investors earlier in the day, they said.
NHB did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on February 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
NHB | 6 year and 10 months | 7.35 | 48 | Feb. 25 | AAA (Care, India Ratings) |
M&M Financial Services | 10 years | To be decided | 3+2 | Feb. 25 | AAA (Crisil) |
NIIF Infra Finance | 8-12 year | To be decided | 5+5 | Feb. 27 | AAA (Care, Icra |
TVS Credit Services | 3 years | 8.25 | 5+5 | Feb. 28 | AA+ (Care) |
PFC | 4-year, 10-month and 12 days | To be decided | 7+33 | Feb. 27 | AAA (Crisil, Care, Icra |
PFC | 9-year, 10-month and 12 days | To be decided | 7+33 | Feb. 27 | AAA (Crisil, Care, Icra |
* Size includes base plus greenshoe for some issues
($1 = 87.1860 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Janane Venkatraman)
((Dharamraj.dhutia@tr.com))
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