India New Issue-Tata Capital Housing Finance accepts bids for Oct 2031 bond reissue - traders

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, March 28 (Reuters) - India's Tata Capital Housing Finance has accepted bids worth 5 billion rupees ($60.87 million) for reissue of 8.15% October 2031 bonds, three merchant bankers said on Friday. The housing financier will offer a yield of 8.06% for this issue, and had invited bids from bankers and investors earlier in the day, they said. The bonds are rated AAA by CRISIL, and the issue will be settled later this week. In February, the company had raised 1.50 billion rupees through a reissue of 6.50% June 2026 bonds. ($1 = 82.1400 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Shailesh Kuber)

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.