Aditya Birla Housing Finance, Tata Capital and Federal Bank are eyeing different vehicles to raise fresh capital from the market. Reuters reported that Aditya Birla Housing Finance would raise at least Rs 100 crore ($12.2 million) through bonds due in five years.
The company, which will pay an 8.1% coupon on the issue, invited bids from investors and bankers on Tuesday. The issue also has a green shoe option to retain additional subscriptions up to Rs 210 crore.
The bonds, rated AAA by Icra and CRISIL, are set to settle later this week.
In early November, the housing finance company raised 2.5 billion rupees in bonds due in three years with a coupon rate of 7.95%.
Tata Capital, on the other hand, plans to raise Rs 100 crore ($12.18 million) each through reissuing two bonds, 7.95% in February 2028 and 8.1165% in May 2026.
It had invited investors and bankers to bid on the reissued bonds on Tuesday. There is a greenshoe option for the reissue, which retains additional subscriptions of Rs 400 crore each.
The bonds are rated AAA by Icra, and the issues will be resolved later this week. In February, the company raised a total of Rs 363 crore through multi-maturity bonds.
Private lender Federal Bank will raise funds by selling certificates of deposit that mature in 11 months. The bond yields 7.48% and has commitments worth Rs 1,000 crore ($121.9 million).
The notes are rated A1+ by CRISIL, and the deal terms were confirmed on Friday. It will expire on March 20, 2024.
Reliance Jio Infocomm plans to raise funds by selling commercial paper that matures within three months, three commercial bankers said on Monday. The company, owned by Reliance Industries Ltd and will offer a yield of 7.2%, has received commitments worth around Rs 250 crore so far, bankers said.
ICICI Securities plans to raise funds by selling commercial paper that matures within three months, three commercial bankers said on Monday. The company, which will offer a yield of 7.32%, has received commitments worth Rs 100 crore ($12.21 million) so far, bankers said. These notes are graded A1+ by Crisil.
Godrej Industries Ltd plans to raise funds by selling commercial paper that matures in three months, three commercial bankers said on Monday. The company will offer a yield of 7.24% and has received commitments worth Rs 750 million ($9.16 million), bankers said.