India New Issue-Aditya Birla Housing to issue 5-year bonds - bankers

MUMBAI, April 24 (Reuters) - India's Aditya Birla Housing Finance plans to raise at least 1 billion rupees ($12.2 million) through bonds maturing in five years, two merchant bankers said on Monday.

The company will pay a coupon of 8.10% on this issue, for which it has invited bids from investors and bankers on Tuesday. The issue also has a greenshoe option to retain an additional subscription of up to 2.1 billion rupees.

The bonds are rated AAA by ICRA and CRISIL and the issue will be settled later this week.

In November, the housing finance company raised 2.50 billion rupees through bonds maturing in three years at a coupon of 7.95%.
($1 = 82.0730 Indian rupees) (Reporting by Bhakti Tambe; Editing by Sonia Cheema)

bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))

Reuters

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.

off-the-wire

India New Issue-Aditya Birla Housing to issue 5-year bonds - bankers

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Solid price gains for gold, silver after busy news weekend

Bitcoin remains a ‘speculative vehicle’ and ‘won’t work’ as a reserve: ‘I prefer gold’ – Ray Dalio