November 23, 2024
India New Issue-Citicorp Finance to issue 2-year bonds, bankers say #IndiaFinance

India New Issue-Citicorp Finance to issue 2-year bonds, bankers say #IndiaFinance

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India New Issue-Citicorp Finance to issue 2-year bonds, bankers say


















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Reuters

India New Issue-Citicorp Finance to issue 2-year bonds, bankers say



India New Issue-Citicorp Finance to issue 2-year bonds, bankers say

MUMBAI, Nov 5 (Reuters)Citicorp Finance (India) plans to raise 7.50 billion rupees ($89 million), including a greenshoe option of 6 billion rupees, through bonds maturing in two years, three merchant bankers said on Tuesday.

The company has invited bids from investors and bankers on Wednesday, they said.

The company did not immediately reply to a Reuters email seeking comment.

Here is the list of deals reported so far on Nov. 5:

Issuer

Tenure

Coupon (in %)

Issue size (in bln rupees)*

Bidding date

Rating

Citicorp Finance

2 years

To be decided

1.50+6

Nov. 6

AAA (Icra)

*Size includes base plus greenshoe for some issues

($1 = 84.1430 Indian rupees)

Reporting by Dharamraj Dhutia
Editing by Sumana Nandy

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