India New Issue-Summit Digitel accepts bids for 10-year bonds, bankers say

Reuters01-30
India New Issue-<a href="https://laohu8.com/S/SMMT">Summit</a> Digitel accepts bids for 10-year bonds, bankers say

MUMBAI, Jan 30 (Reuters) - India's Summit Digitel Infrastructure accepts bids worth 7 billion rupees ($76.13 million)for the sale of bonds maturing in 10 years, three bankers said on Friday.

It will pay a coupon of 7.45%, payable quarterly, and had invited commitment bids for the issue on Thursday, they said.

The company did not respond to a Reuters email seeking comment.

Here is the list of deals reported so far on January 30:

Issuer

Tenure

Coupon (in %)

Issue size (in bln rupees)*

Bidding date

Rating

Summit Digitel Infrastructure

10 years

7.45

7

January 30

AAA(Icra, Care)

Hindustan Zinc

2 years

7.15

4.20

January 30

AAA(Crisil)

Hindustan Zinc

3 years

7.15

9.80

January 30

AAA(Crisil)

* Size includes base plus greenshoe for some issues

($1 = 91.9520 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)

((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))

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