India New Issue — Equitas Small Finance Bank accepts bids for bond issue, bankers say

MUMBAI, Sept 24 (Reuters) — India's Equitas Small Finance Bank has accepted bids worth 5 billion rupees ($52.11 million) for the sale of bonds maturing in 10 years, three bankers said on Thursday. It will pay a coupon of 9.95% and had invited commitment bids for the issue earlier in the day, they said, adding that the bond will have a call option exercisable after five years. The lender did not immediately respond to a Reuters email seeking comment. Here is the list of deals reported so far on September 24: Issuer Tenure Coupon (in %) Issue size (in Bidding date Rating bln rupees)* Equitas Small 10 years 9.95 5 September 24 AA- (Care) Finance Bank Bajaj Housing 4 years and 8.20 (yield) 8.15 September 24 AAA (Crisil, Aug 2031 reissue 11 months India Ratings) RJ Corp 3 years 8.10 3.75 September 23 AAA (Crisil) RJ Corp 3 years 8.20 6.35 September 23 AAA (Crisil) Embassy Office 3 years floating 10 September 23 AAA (Crisil, Parks REIT Care) Size includes base plus greenshoe for some issues ($1 = 95.9525 Indian rupees) (Reporting by Dharamraj Dhutia) ((Dharamraj.dhutia@tr.com)