off-the-wire

India New Issue-India Infradebt to issue multiple tenor bonds - traders

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, April 19 (Reuters) - India Infradebt plans to raise funds selling bonds maturing in five years and three months and in 10 years, three merchant bankers said on Wednesday. The infrastructure finance company aims to raise at least 4 billion rupees ($48.66 million) through over five-year bonds, and at least 1 billion rupees through 10-year bonds, they said.


The notes are rated AAA by Crisil and ICRA and the issues will be settled next week. The issues have a greenshoe option to retain an additional 8 billion rupees and four billion rupees respectively.


In December, the company had raised 9.40 billion rupees selling bonds maturing in five years at an annual coupon of 7.87%.
($1 = 82.2110 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)

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