Idfc First Bank, Shriram Transport Finance, Ioc

Here is an overview of the main transactions in the bond market on Monday.

NON-CONVERTIBLE DEBENTURES:

  • IDFC First Bank sets coupon of 8.42% on 10-year Tier II bonds and accepts offers worth Rs 1,500 crore
  • India Grid Trust accepts offers worth Rs 400 crore on 3-year, 2-month bonds with a coupon of 6.52%
  • Virescent Renewable Energy Trust accepts bids worth Rs 150 crore on 7-year, 4-month bonds at 7.82% coupon
  • Virescent Renewable Energy Trust is also accepting bids worth Rs 500 crore on 10-year bonds with a coupon of 7.96%
  • Arka Fincap to raise Rs 100 crore via 3-year bond at 8.30% coupon, invites bids Feb 8
  • Lucina Land Development to raise Rs 360 crore via 4-year bonds at 12.25% coupon, launches tender on February 9
  • Aragen Life Sciences to raise Rs 200 crore via 3-year bonds at 7.75% coupon, launches tender on February 10
  • Shriram Transport Finance raises Rs 525 crore via 2-year bonds at 6.80% coupon
  • COMMERCIAL DOCUMENTS:

  • The CIO will raise funds via a CP of more than a month with a coupon of 3.86%.
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