Rashtriya Chemicals accepts bids for bond issue, bankers say

About this update from Rashtriya Chemicals & Fertilizers Ltd.

India's Rashtriya Chemicals and Fertilizers NSE:RCF accepts bids worth 3.95 billion rupees ($44.53 million), for bonds maturing in three years and 10 months, three bankers said on Tuesday.It will pay an annual coupon of 7.60% on this issue and had invited commitment bids earlier in the day, they said.The company did not reply to a Reuters email seeking comment. Here is the list of deals reported so far on September 23: Issuer Tenure Coupon (in %) Issue size (in bln rupees)* Bidding date Rating RCF3 year and 10 months7.603.95September 23AA (Icra, India Ratings) HDB Financial Aug 2028 reissue 2 years and 11 months7.3150 (yield)1+4September 24AAA (Crisil, Care) Godrej Seeds and Genetics STRPPTo be decided10September 24AA (Icra) Solar Energy Corp 10 yearsTo be decided3+3September 25AAA (Care, ICRA) Knowledge Realty Trust 3 years7.20 (quarterly)16September 25AAA (Crisil, ICRA)*Size includes base plus greenshoe for some issues($1 = 88.7000 Indian rupees)

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