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India's corporate debt pipeline, as of Dec 21

Source : REUTERS
Last Updated: Fri, Dec 21, 2012 12:00 hrs

MUMBAI, Dec 21 (Reuters) - The following list contains details of recently-issued corporate bonds. A list of the latest announced details is attached at the bottom.

LATEST ANNOUNCEMENTS ---------------------

* India's National Housing Bank plans to raise 10 billion rupees ($182.27 million) via bonds at 8.95 percent coupon.

* India's Raymond Ltd is planning to raise 750 million rupees ($13.74 million) through two-year bonds at 10.50 percent. [ID: nL4N09U34H]

* India's Power Finance Corp Ltd has invited quotes on Thursday to raise at least 1.5 billion rupees ($27.47 million) through two-year bonds. [ID: nL4N09U24S]

* PNB Housing Finance Ltd, a unit of Punjab National Bank , plans to raise 4 billion rupees ($73.94 million) via dual tranche bonds.

* Exim Bank plans to raise 1 billion rupees ($18.32 million) via ten-year bonds at 8.93 percent.

* India's National Housing Bank plans to raise up to 5 billion rupees ($91.45 million) via bonds at 8.78 percent coupon.

* United Bank of India plans to raise 3 billion rupees ($55.15 million) via unsecured perpetual bonds at 9.27 percent.

* India's Sterlite Industries plans to raise 5 billion rupees ($91.92 million) through a bond issue at 9.40 percent.

* India's Sterlite Industries plans to raise 5 billion rupees ($91.92 million) through a bond issue at 9.24 percent.

* India's LIC Housing Finance Ltd plans to raise at least 2 billion rupees ($35.98 million) via two-year bonds at 9.37 percent.

* India's Power Finance Corp plans to sell at least 1 billion rupees ($18.15 million) via tax free bonds.

* India's Rural Electrification Corp Ltd plans to sell up to 5 billion rupees ($90.76 million) via a private placement of tax free bonds. [ID: nL4N08Z1KT]

PREVIOUS ANNOUNCEMENTS ---------------------

* National Bank for Agriculture and Rural Development (NABARD) plans to raise 5 billion rupees ($91.26 million) via three-year bonds at 8.83 percent.

* Oriental Bank of Commerce Ltd is planning to raise 12 billion rupees ($219.02 million) via lower tier II bonds at 8.93 percent coupon.

* India's Exim Bank plans to raise at least 2 billion rupees ($36.99 million) via three-year bonds with a put/call at the end of 18 months at 8.65 percent.

* Steel Authority of India has raised 5 billion rupees ($91.65 million) through its at least 1.5 billion rupees bonds sale.

* Hindustan Petroleum Corp has commitments worth at least 4 billion rupees ($73.32 million) through its three-year bond sale at 8.75 percent.

* Volkswagen Finance Private Ltd, a unit of Volkswagen AG , plans to raise 3 billion rupees ($54.99 million) through dual tranche bonds.

* Indian state-run refiner Hindustan Petroleum Corp Ltd plans to raise at least 2 billion rupees ($37.20 million) via a three-year bond sale.

* India's Century Textiles & Industries Ltd plans to raise 5 billion rupees ($93.01 million) through three-year bonds with a put/call option at the end of 30 months at 10.07 percent monthly coupon.

* India's Rural Electrification Corp Ltd has received bids of over 25 billion rupees ($465.03 million) for its minimum 5 billion rupees bond sale.

* Steel Authority of India plans to raise at least 1.5 billion rupees ($27.90 million) through a bonds sale. * India's LIC Housing Finance plans to raise at least 4 billion rupees ($74.36 million) in a two-tranche bond sale. * India's L&T Shipbuilding has finalised terms for its 25 billion rupees ($470.59 million) dual-tranche bond sale and has picked two arrangers, two sources with direct knowledge of the plans said on Friday. * Power Grid Corp of India priced its new bonds at 8.85 percent, 10 bps inside the upper cap of 8.95 percent.

* India's LIC Housing Finance plans to raise at least 6.5 billion rupees ($122.58 million) in two tranche bond sale. * India's Housing Development Finance Corp plans to raise at least 5 billion rupees ($94.29 million) through two-year bonds at 9.18 percent. * India's Godrej Consumer Products Ltd plans to raise 2.5 billion rupees ($47.15 million) via two-year zero coupon bonds at 9.40 percent. * Sesa Goa, owned by miner Vedanta Resources , plans to raise 11 billion rupees ($207.02 million) through one-year commercial paper at a yield of 9.20 percent. * Sterlite Industries plans to raise 5 billion rupees ($94.3 million) through a bond issue at 9.40 percent. * Air India's proposed jumbo 74 billion rupees ($1.3bn) 19-year bond sale has failed to take off again, after it postponed the deadline for bid submissions to October 12. The company is still hoping to get an unconditional guarantee before the new deadline. (IFR)

* India's Power Finance Corp is planning to launch an unsecured bond sale to raise at least 1.5 billion rupees ($28.72 million). * India's Bharat Petroleum Corp is planning to raise 5 billion rupees ($95.74 million) via bonds at 8.65 percent. * India's Housing Development Finance Corp plans to raise at least 2 billion rupees $38.30 million) through five-year bonds at 9.20 percent. * L&T Seawoods, a subsidiary of engineering and construction giant Larsen & Toubro, is planning a three-year bond sale of up to 4 billion rupees ($76 million). * India's Rural Electrification Corp (REC) has received bids of over 34 billion rupees ($644.61 million) for its minimum 1.5 billion rupee bond sale. * Mortgage financier HDFC fixed its second bond sale on Thursday. The new minimum 3 billion rupees ($56 million) 5-year sale was priced at 9.25 percent, at the same level as the previous 2 billion rupees 2-year sale fixed earlier in the day.

* National carrier Air India has once again postponed the deadline for bid submissions for its proposed jumbo 74 billion rupees ($1.3 bln) 19-year sale. * State-owned Gujarat State Power Corp will wrap up its debut 30 billion rupees ($563 mln) three-tranche bond sale tomorrow via Axis Bank, ICICI Bank and Trust Capital. * The Central Bank of India is planning to borrow at least 2 billion rupees ($37.41 million) via perpetual bond at 9.40 percent coupon.

---------------------------------------------------------------- ------------------------------ *-Issue has a greenshoe option to retain over subscription. **-Final book not yet compiled. LT2-Lower Tier II bonds UT2-Upper Tier II bonds T1- Perpetual Tier I # semi-annualised coupon NCD - Non-convertible debentures For news on debt issues, Reuters 3000 Xtra users can double click on one of the following: Indian bond issuances Asia debt news India Corporate debt pages on Reuters: Spreads over Indian federal bonds Indian secondary corporate bond deals Secondary market Indian CP Prices India Certificates of Deposit page (Reporting by Archana Narayanan)




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