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Key bond market deals: Food Corporation of India, Hero Fincorp, IOC

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Here’s a look at the key bond market deals on Thursday.

Key bond market deals: Food Corporation of India, Hero Fincorp, IOC
Here’s a look at the key bond market deals on Thursday.
Key highlights:
  • 3-month CP rates shoot up to as high as 4.7 4.8 percent for some trades
  • RIL group and Godrej Industries raise 3-month money at around 3.5 percent
  • Hero Fincorp takes 3-year money at 6.25 percent coupon
  • Non-convertible debentures:
    • Food Corporation of India takes Rs 8000 crore at 7.09 percent, 10-year government-guaranteed bonds
    • One International Center takes Rs 473 cr at 7.33 percent, 5-year bonds
    • Fullerton Home Finance takes Rs 25 crore at 7.7 percent, 10-year sub-ordinated bonds
    • Fullerton India Credit takes Rs 100 crore at 7.6 percent, 10-year subordinated bonds
    • Hero Fincorp takes Rs 150 crore at 6.25 percent via 3-year bonds
    • Bajaj Housing to raise Rs 10 crore via 2-year bonds
    • Nayara Energy to raise Rs 1000 crore at 8.75 percent, 3-year bonds
    • Commercial papers:
      • IOC to raise funds via intra-month CP at 3.26 percent coupon
      • L&T Finance to raise funds via intra-month CP at 3.80 percent coupon
      • IOC to raise funds via one-month CP at 3.38 percent coupon
      • Reliance Industries to raise funds via three-month CP at 3.50 percent coupon
      • Godrej Industries to raise funds via three-month CP at 3.51 percent coupon
      • Reliance Retail Ventures to raise funds via three-month CP at 3.53 percent coupon
      • BHEL to raise funds via three-month CP at 3.67 percent coupon
      • TVS Credit Services to raise funds via three-month CP at 4.15 percent coupon
      • Pilani Investments to raise funds via three-month CP at 4.72 percent coupon
      • Birla Group Holdings to raise funds via three-month CP at 4.80 percent coupon
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