India New Issue-Axis Finance to issue near 5-year bonds, bankers say

By Reuters News

MUMBAI, Sept 22 (Reuters) - India's Axis Finance plans to raise 5 billion rupees ($52.3 million) through sale of bonds maturing in four years and 11 months, three bankers said on Tuesday.

The firm will pay a coupon of 8.21% and has invited commitment bids for the issue on Wednesday, they said.

The company did not respond to a Reuters email seeking comment.



Here is the list of deals reported so far on September 22:

Issuer

Tenure

Coupon (in %)

Issue size (in bln rupees)*

Bidding date

Rating

Axis Finance

4 year and 11 months

8.21

1.5+3.5

September 23

AAA (Crisil, Care)

Embassy Office Parks REIT

3 years

floating

10

September 23

AAA (Crisil, Care)

RJ Corp

3 years

8.10

3.75

September 23

AAA (Crisil)

RJ Corp

3 years

8.20

6.35

September 23

AAA (Crisil)


*Size includes base plus greenshoe for some issues



($1 = 95.5900 Indian rupees)

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