India New Issue-JSW Group unit accepts bids for bond issue, bankers say

MUMBAI, Sept 30 (Reuters) – India's JTPM Metal Traders, a holding company within the JSW Group, has accepted bids worth 70 billion rupees ($788.7 million) for zero-coupon bonds to finance an acquisition, three merchant bankers said on Tuesday. The bonds will mature in four years and seven months, and will carry a yield of 8.50%. The issue will have a put and call option at the end of three years. JSW Group did not respond to an email request for comment from Reuters. Here is the list of deals reported so far on September 30: Issuer Tenure Coupon (in %) Issue size (in Bidding Rating bln rupees)* date JTPM Metal 4 year and 7 8.50 (yield) 70 September AA (Crisil, Traders months 29 Care) *Size includes base plus greenshoe for some issues ($1 = 88.7570 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

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