India New Issue-Toyota Financial Services accepts bids for over 3-year bonds
MUMBAI, April 15 (Reuters) - India's Toyota Financial Services has accepted bids worth 5 billion rupees ($58.29 million) for bonds maturing in three years and two months, three bankers said on Tuesday.
The company will pay an annual coupon of 7.6950% and had invited bids from bankers and investors earlier in the day, they said.
Toyota Financial Services did not immediately reply to a Reuters email seeking comment.
Here is the list of deals reported so far on April 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Toyota Financial Services | 3 years and 2 months | 7.6950 | 5 | April 15 | AAA (Icra) |
LIC Housing Fin Oct 2027 reissue | 2 years and 6 months | To be decided | 10+12.50 | April 15 | AAA (Crisil, Care) |
*Size includes base plus greenshoe for some issues
($1 = 85.7775 Indian rupees)
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