MUMBAI: Indian Renewable Energy Development Agency (IREDA) has set 7.77% coupon on bonds maturing in three years and four months, three bankers said on Monday.
The company has accepted bids worth 8.09 billion rupees ($97.37 million) on the bond issue for which it had invited bids earlier in the day. In December, IREDA raised 10 billion rupees via 10-year bonds at a 7.68% coupon.
Here is the list of deals reported so far on Jan. 8:
Issuer Tenure Coupon (in %) Issue size (in Bidding Rating bln rupees)* date IREDA 3 years and 7.77 8.09 Jan. 8 AAA (India 4 mnts Ratings, ICRA) 10 years To be decided 5+17 Jan. 10 AAA (Crisil, Power Icra Ratings) Grid Corp of India *Size includes base plus greenshoe for some issues ($1 = 83.0820 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Sohini Goswami)
