The NHAI's ( National Highways Authority of India's) first sale of retail bonds has received bids for about 5 times the base amount so far, capitalizing on investors' appetite for safe havens as the global debt crisis keeps domestic equity markets lacklustre.
The state owned agency for highways, which launched its issue, has received bids for nearly Rs.25,000 Crore.
The issue is set to close on 11 January, 2012. But bankers have the option of early closure. The issue, which has a core size of Rs. 5,000 crore, has an option to retain an equivalent amount Rs. 5,000 Crore as greenshoe option
The state owned agency for highways, which launched its issue, has received bids for nearly Rs.25,000 Crore.
The issue is set to close on 11 January, 2012. But bankers have the option of early closure. The issue, which has a core size of Rs. 5,000 crore, has an option to retain an equivalent amount Rs. 5,000 Crore as greenshoe option
No comments:
Post a Comment