Rashtriya Chemical to issue over 3-year bonds, bankers say

About this update from Rashtriya Chemicals & Fertilizers Ltd.

India's Rashtriya Chemicals and Fertilizers NSE:RCF plans to raise 4 billion rupees, including a greenshoe option of 1 billion rupees, through the sale of bonds maturing in three years and 10 months, three bankers said on Thursday.It has invited coupon and commitment bids for the issue on Tuesday, they said.The company did not reply to a Reuters email seeking comment. Here is the list of deals reported so far on September 18: IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRatingRCF3 years and 10 monthsTo be decided3+1September 23AA (Icra, India RatingsAditya Birla Housing Sept 2028 reissue3 years7.28 (yield)5September 18AAA (Crisil) * Size includes base plus greenshoe for some issues($1 = 88.1275 Indian rupees)

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