Rashtriya Chemicals & Fertilizers Ltd.NSE: RCF

Rashtriya Chemicals accepts bids for bond issue, bankers say

· Issued by 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

RCF

3 year and 10 months

7.60

3.95

September 23

AA (Icra, India Ratings)

HDB Financial Aug 2028 reissue

2 years and 11 months

7.3150 (yield)

1+4

September 24

AAA (Crisil, Care)

Godrej Seeds and Genetics

STRPP

To be decided

10

September 24

AA (Icra)

Solar Energy Corp

10 years

To be decided

3+3

September 25

AAA (Care, ICRA)

Knowledge Realty Trust

3 years

7.20 (quarterly)

16

September 25

AAA (Crisil, ICRA)

*Size includes base plus greenshoe for some issues

($1 = 88.7000 Indian rupees)