India New Issue-Grasim Industries to issue 5-year bonds, bankers say

Grasim Industries

03/06/2025 11:15

MUMBAI, June 3 (Reuters) - India's Grasim Industries GRAS.NS plans to raise 10 billion rupees ($116.88 million) through the sale of bonds maturing in five years, three merchant bankers said on Tuesday.

The company will pay an annual coupon of 6.56% on the issue and had invited bids from bankers and investors earlier on Thursday, they said.

Grasim Industries did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on June 3:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Grasim Industries
5 years
6.56
10
June 5
AAA (Crisil, Icra)
Bajaj Housing May 2028 reissue
3 years
To be decided
5+5
June 4
AAA (Crisil)
HUDCO
3 years
To be decided
5+25
June 4
AAA (Icra, India Ratings)
Vedanta
30 months
9.31
22.50+7.50
June 4
AA-(Crisil)
Vedanta
3 years
9.45
10+7.50
June 4
AA-(Crisil)
Vedanta
2 years
OIS linked
8.50
June 4
AA-(Crisil)

*Size includes base plus greenshoe for some issues

($1 = 85.5610 Indian rupees)

 (Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)

 ((Dharamraj.dhutia@tr.com))