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))
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