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    CHOLAFIN — Cholamandalam Investment and Finance News Story

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    India New Issue-Cholamandalam Investment accepts bids for floating rate bonds, bankers say

    Picture of Cholamandalam Investment and Finance logoCholamandalam Investment and Finance
    26/05/2026 07:17
    MUMBAI, May 26 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS has accepted bids worth 50 billion rupees ($523.94 million) for floating-rate bonds maturing in two years and nine months, marking its largest private debt issuance, three bankers said on Tuesday.

The bonds will carry an initial coupon of 8.12%, with subsequent resets linked to the three-month Treasury bill yield plus a spread of 275 basis points.

The company had invited commitment bids for the issue on Monday and also confirmed the details via email.

 Here is the list of deals reported so far on May 26:


    IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
    Cholamandalam Investment2 years and 9 months91-day treasury bill linked50May 25AA+ (Icra, Care)
    

   * Size includes base plus greenshoe for some issues

($1 = 95.4300 Indian rupees)

 (Reporting by Dharamraj Dhutia)

 ((Dharamraj.dhutia@tr.com))

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