RJ Corp plans dual-tranche three-year bond offering

MUMBAI, Sept 22 (Reuters) — India's RJ Corp plans to raise 10.1 billion rupees ($105.54 million) through the sale of dual tranches of three-year bonds each, three merchant bankers said on Tuesday. The company aims to raise 3.75 billion rupees through the first tranche at 8.10%, and 6.35 billion rupees through its second tranche at 8.20%, and this would be sold to mutual funds. The issuer has invited commitment bids on Wednesday, the bankers added. The company did not reply to a Reuters email seeking comment. Here is the list of deals reported so far on September 22: Issuer Tenure Coupon (in %) Issue size (in Bidding Rating bln rupees)* date RJ Corp 3 years 8.10 3.75 September AAA 23 (Crisil) RJ Corp 3 years 8.20 6.35 September AAA 23 (Crisil) Size includes base plus greenshoe for some issues ($1 = 95.7000 Indian rupees) (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Priyanka G) ((Dharamraj.dhutia@tr.com)