HDB Financial accepts bids for bond reissue, bankers say
India's HDB Financial Services HHDBFS accepted bids worth 5 billion rupees ($57.05 million) for the reissue of 7.9611% January 2028 bonds, three bankers said on Wednesday.
It will pay a coupon of 7.15% and had invited commitment bids for the issue earlier in the day, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on August 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
HDB Financial | 2 years and 4 months | 7.15 | 5 | August 6 | AAA(Crisil) |
Aditya Birla Capital | 9 years and 9 months | 8.02 | 4.1 | August 6 | AAA (Crisil) |
Tata Communications | 3 years | 6.77 | 10 | August 6 | AAA (Care) |
*Size includes base plus greenshoe for some issues
($1 = 87.6430 Indian rupees)
