India New Issue-Can Fin Homes accepts bids for bond issue, bankers say

Can Fin Homes

28/05/2025 09:27

MUMBAI, May 28 (Reuters) - India's Can Fin Homes CNFH.NS has accepted bids worth 9.80 billion rupees ($114.7 million) for bonds maturing in three years, three bankers said on Wednesday.

The housing finance company will pay an annual coupon of 7.24% and had invited coupon and commitment bids for the issue earlier in the day, they said.

The company did not immediately reply to a Reuters email for comment.

Here is the list of deals reported so far on May 28:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Can Fin Homes
3 years
7.24
9.80
May 28
AAA (Icra)
NABARD Sept 2028 reissue
3 years and 4 months
7.59 (yield)
42.25
May 28
AAA (Crisil, India rating)
IRFC
3 years
6.47
30
May 28
AAA (Crisil, Care, Icra)
IRFC
5 years
6.58
30
May 28
AAA (Crisil, Care, Icra)
Cholamandalam Investment
2 years
7.38
20
May 27
AA+ (Icra, India Ratings)
Bajaj Finance June 2027 reissue
2 year and 1 month
To be decided
5+25
May 29
AAA (Crisil)
Tata Capital Feb 2028 reissue
2 year and 8 months
To be decided
1+3.50
May 29
AAA (Icra, Crisil)

 *Size includes base plus greenshoe for some issues

($1 = 85.4500 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

 ((Dharamraj.dhutia@tr.com))