India New Issue-NABARD accepts bids for over 3-yr bonds, bankers say

Reuters10-25

India New Issue-NABARD accepts bids for over 3-yr bonds, bankers say

MUMBAI, Oct 25 (Reuters) - India's National Bank for Agriculture and Rural Development (NABARD) has accepted bids worth 70 billion rupees ($832.84 million) for bonds maturing in three years and four months, three bankers said on Friday.

The state-owned company will pay an annual coupon of 7.44% on this issue and had invited coupon and commitment bids for the issue earlier in the day, they said.

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

Here is the list of deals reported so far on Oct. 25:

Issuer	Tenure	Coupon (in %)	Issue size (in bln rupees)*	Bidding date	Rating
NABARD	3 years and 4 months	7.44	70	Oct. 25	AAA (Crisil, Icra)
TVS Credit Services	3 years	To be decided	5	Oct. 28	AA (Crisil)
Shriram Finance	3 years	8.96	4.6	Oct. 23	AA+ (Crisil)
Shriram Finance Jan 2029 reissue	4 years and 3 months	8.96 (yield)	3.4	Oct. 23	AA+ (Crisil)

*Size includes base plus greenshoe for some issues

($1 = 84.0500 Indian rupees)

(Reporting by Dharamraj DhutiaEditing by Rashmi Aich)

((Dharamraj.dhutia@tr.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2478796186?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-10-25 15:12","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2478796186","market":"us","top_or_hot":-1,"title":"India New Issue-NABARD accepts bids for over 3-yr bonds, bankers say","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>India New Issue-NABARD accepts bids for over 3-yr bonds, bankers say</title></head><body><p>\n<span>MUMBAI, Oct 25 (Reuters)</span><span> - </span>India's National Bank for Agriculture and Rural Development (NABARD) has accepted bids worth 70 billion rupees ($832.84 million) for bonds maturing in three years and four months, three bankers said on Friday.</p><p>The state-owned company will pay an annual coupon of 7.44% on this issue and had invited coupon and commitment bids for the issue earlier in the day, they said.</p><p>The company did not immediately reply to a Reuters email seeking comment.</p><p>\n\nHere is the list of deals reported so far on Oct. 25: </p><table><tbody><tr><td><p>\n<span>Issuer</span>\n</p></td><td><p>\n<span>Tenure</span>\n</p></td><td><p>\n<span>Coupon (in %)</span>\n</p></td><td><p>\n<span>Issue size (in bln rupees)*</span>\n</p></td><td><p>\n<span>Bidding date</span>\n</p></td><td><p>\n<span>Rating</span>\n</p></td></tr><tr><td><p>NABARD</p></td><td><p>3 years and 4 months</p></td><td><p>7.44</p></td><td><p>70</p></td><td><p>Oct. 25</p></td><td><p>AAA (Crisil, Icra)</p></td></tr><tr><td><p>\n<span>TVS Credit Services</span>\n</p></td><td><p>3 years</p></td><td><p>To be decided</p></td><td><p>5</p></td><td><p>Oct. 28</p></td><td><p>AA (Crisil)</p></td></tr><tr><td><p>\n<span>Shriram Finance</span>\n</p></td><td><p>3 years</p></td><td><p>8.96</p></td><td><p>4.6</p></td><td><p>Oct. 23</p></td><td><p>AA+ (Crisil)</p></td></tr><tr><td><p>Shriram Finance</p><p>Jan 2029 reissue</p></td><td><p>4 years and 3 months</p></td><td><p>8.96 (yield)</p></td><td><p>3.4</p></td><td><p>Oct. 23</p></td><td><p>AA+ (Crisil)</p></td></tr></tbody></table><p>\n*Size includes base plus greenshoe for some issues</p><p>($1 = 84.0500 Indian rupees)</p><p>(Reporting by Dharamraj DhutiaEditing by Rashmi Aich)</p><p>((Dharamraj.dhutia@tr.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>India New Issue-NABARD accepts bids for over 3-yr bonds, bankers say</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIndia New Issue-NABARD accepts bids for over 3-yr bonds, bankers say\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-25 15:12 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241025:nL4N3M10IQ:1><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>India New Issue-NABARD accepts bids for over 3-yr bonds, bankers say\nMUMBAI, Oct 25 (Reuters) - India's National Bank for Agriculture and Rural Development (NABARD) has accepted bids worth 70 billion ...</p>\n\n<a href=\"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241025:nL4N3M10IQ:1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2346227817.USD","symbol_name":"BGF SUSTAINABLE GLOBAL INFRASTRUCTURE \"A2\" (USD) ACC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20241025:nL4N3M10IQ:1","article_id":"2478796186","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478796186","pubTimestamp":1729840344,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"MUMBAI, Oct 25  - India's National Bank for Agriculture and Rural Development  has accepted bids worth 70 billion rupees  for bonds maturing in three years and four months, three bankers said on Friday.The state-owned company will pay an annual coupon of 7.44% on this issue and had invited coupon and commitment bids for the issue earlier in the day, they said.The company did not immediately reply to a Reuters email seeking comment.Here is the list of deals reported so far on Oct. 25:. 3 years8.964.6Oct. 23AA+ Shriram FinanceJan 2029 reissue4 years and 3 months8.96 3.4Oct. 23AA+ . *Size includes base plus greenshoe for some issues","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2346227817.USD":"BGF SUSTAINABLE GLOBAL INFRASTRUCTURE \"A2\" (USD) ACC","BK4208":"复合型公用事业","LU2637428348.USD":"NORDEA 1 GLOBAL SUSTAINABLE LISTED REAL ASSETS \"MP\" (USD) INC","BK4585":"ETF&股票定投概念","CMS":"CMS能源","BK4588":"碎股"},"translate_title":"印度新发行——银行家称，NABARD接受3年期以上债券的投标","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CMS":0.9},"content_text":"India New Issue-NABARD accepts bids for over 3-yr bonds, bankers say\nMUMBAI, Oct 25 (Reuters) - India's National Bank for Agriculture and Rural Development (NABARD) has accepted bids worth 70 billion rupees ($832.84 million) for bonds maturing in three years and four months, three bankers said on Friday.The state-owned company will pay an annual coupon of 7.44% on this issue and had invited coupon and commitment bids for the issue earlier in the day, they said.The company did not immediately reply to a Reuters email seeking comment.\n\nHere is the list of deals reported so far on Oct. 25: \nIssuer\n\nTenure\n\nCoupon (in %)\n\nIssue size (in bln rupees)*\n\nBidding date\n\nRating\nNABARD3 years and 4 months7.4470Oct. 25AAA (Crisil, Icra)\nTVS Credit Services\n3 yearsTo be decided5Oct. 28AA (Crisil)\nShriram Finance\n3 years8.964.6Oct. 23AA+ (Crisil)Shriram FinanceJan 2029 reissue4 years and 3 months8.96 (yield)3.4Oct. 23AA+ (Crisil)\n*Size includes base plus greenshoe for some issues($1 = 84.0500 Indian rupees)(Reporting by Dharamraj DhutiaEditing by Rashmi Aich)((Dharamraj.dhutia@tr.com))","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2478796186"}