India New Issue-Equitas Small Finance to issue 5-year bonds, bankers say

Equitas Small Finance Bank

28/07/2025 04:56

MUMBAI, July 28 (Reuters) - India's Equitas Small Finance Bank EQUI.NS plans to raise 5 billion rupees ($57.85 million), including a greenshoe option of 2.5 billion rupees, through the sale of bonds maturing in five years, three bankers said on Monday.

It has invited coupon and commitment bids for the issue on Wednesday, they said.

The company did not immediately respond to a Reuters email seeking comment.

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

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Equitas Small Finance Bank
5 years
To be decided
2.5+2.5
July 30
AA- (Care)
SBI Cards and Payment Services
3 years
To be decided
20
July 29
AAA (Crisil)
IIFCL
5 years
To be decided
5+18.40
July 29
AAA (Care, India Ratings)
Godrej Finance
3 years and 2 months
To be decided
5
July 28
AA+ (Crisil, Care)
Godrej Finance
5 years
To be decided
5
July 28
AA+ (Crisil, Care)

*Size includes base plus greenshoe for some issues

($1 = 86.4320 Indian rupees)

 (Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Sonia Cheema)

 ((Khushi.malhotra@tr.com, Dharamraj.dhutia@tr.com))