India New Issue — RJ Corp accepts bids for bond issues, bankers say

MUMBAI, Sept 24 (Reuters) — India's RJ Corp has accepted bids worth 10.1 billion rupees ($105.54 million) through the sale of dual tranches of three-year bonds each, three merchant bankers said on Thursday. The company raised 3.75 billion rupees through the first tranche at 8.10%, and 6.35 billion rupees through its second tranche at 8.20%. The issuer had invited commitment bids on Wednesday and did not reply to a Reuters email seeking comment. Here is the list of deals reported so far on September 24: Issuer Tenure Coupon Issue Bidding Rating (in %) size (in date bln rupees)* RJ Corp 3 years 8.10 3.75 Septemb AAA er 23 (Crisil) RJ Corp 3 years 8.20 6.35 Septemb AAA er 23 (Crisil) Embassy 3 years floating 10 Septemb AAA Office er 23 (Crisil, Parks REIT Care) Size includes base plus greenshoe for some issues (Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair) ((Dharamraj.dhutia@tr.com)