India New Issue-GIC Housing Finance to issue multiple tenor bonds, bankers say

Reuters11-14

India New Issue-GIC Housing Finance to issue multiple tenor bonds, bankers say

MUMBAI, Nov 14 (Reuters) - India's GIC Housing Finance GICH.NS plans to raise 6 billion rupees ($71.11 million), which includes a greenshoe option of 1 billion rupees, through the sale of bonds maturing in 19 months and 21 months, three bankers said on Thursday.

It will pay an annual coupon of 8.25% and 8.28%, respectively, and has invited bids for the issue on Tuesday, they said.

The coupon rate shall be increased by 25 basis points for every notch downgrade in the credit rating.

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

Here is the list of deals reported so far on Nov. 14:

Issuer	Tenure	Coupon (in %)	Issue size (in bln rupees)*	Bidding date	Rating
GIC Housing Finance	19 months	8.25	2.50 + 0.50	Nov. 19	AA+ (Crisil, Icra)
GIC Housing Finance	21 months	8.28	2.50 + 0.50	Nov. 19	AA+ (Crisil, Icra)
DME Development	10 years	To be decided	10	To be decided	AAA (Crisil, Careedge)
DCB Bank	10 years	9.20	4	Nov. 14	AA- (Crisil)
NHB	10 years	7.14	38.30	Nov. 14	AAA (India Ratings)

*Size includes base plus greenshoe for some issues

($1 = 84.3770 Indian rupees)

(Reporting by Dharamraj DhutiaEditing by Eileen Soreng)

((Dharamraj.dhutia@tr.com))

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The coupon rate shall be increased by 25 basis points for every notch downgrade in the credit rating.  The company did not immediately reply to a Reuters email seeking comment.Here is the list of deals reported so far on Nov. 14:. GIC Housing Finance19 months8.252.50 + 0.50Nov. 19AA+ GIC Housing Finance21 months8.282.50 + 0.50Nov. 19AA+ . 10 years7.1438.30Nov. 14AAA *Size includes base plus greenshoe for some issues  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4559":"巴菲特持仓","LU0994945656.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC 2","LU0426417589.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) INC","BK4585":"ETF&股票定投概念","MCO":"穆迪","SG9999001077.SGD":"United International Growth Fund SGD","BK4588":"碎股","LU1043141123.HKD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (HKD) INC 2","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU0426412945.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USD) ACC","LU1121112475.USD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (USDHDG) ACC","LU1043141396.HKD":"NINETY ONE GSF GLOBAL FRANCHISE \"A\" (HKD) ACC","BK4112":"金融交易所和数据","BK4548":"巴美列捷福持仓"},"translate_title":"银行家表示，印度新发行——GIC住房金融公司将发行多个期限债券","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"MCO":0.9},"content_text":"India New Issue-GIC Housing Finance to issue multiple tenor bonds, bankers say\nMUMBAI, Nov 14 (Reuters) - India's GIC Housing Finance GICH.NS plans to raise 6 billion rupees ($71.11 million), which includes a greenshoe option of 1 billion rupees, through the sale of bonds maturing in 19 months and 21 months, three bankers said on Thursday.It will pay an annual coupon of 8.25% and 8.28%, respectively, and has invited bids for the issue on Tuesday, they said. The coupon rate shall be increased by 25 basis points for every notch downgrade in the credit rating.  The company did not immediately reply to a Reuters email seeking comment. \n    Here is the list of deals reported so far on Nov. 14: \nIssuer\n\nTenure\n\nCoupon (in %)\n\nIssue size (in bln rupees)*\n\nBidding date\n\nRating\nGIC Housing Finance19 months8.252.50 + 0.50Nov. 19AA+ (Crisil, Icra)GIC Housing Finance21 months8.282.50 + 0.50Nov. 19AA+ (Crisil, Icra)\nDME Development\n10 yearsTo be decided10To be decidedAAA (Crisil, Careedge)\nDCB Bank\n10 years         9.20         4Nov. 14AA- (Crisil)\nNHB\n10 years7.1438.30Nov. 14AAA (India Ratings)*Size includes base plus greenshoe for some issues($1 = 84.3770 Indian rupees) (Reporting by Dharamraj DhutiaEditing by Eileen Soreng) ((Dharamraj.dhutia@tr.com))","kind":"highlight","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":"4.29.3","shortVersion":"4.29.3","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/2483829943"}