India New Issue-Hindustan Zinc to issue 2-3 year STRPPs bonds, bankers say

Hindustan Zinc

30/01/2026 05:03

MUMBAI, Jan 30 (Reuters) - India's Hindustan Zinc HZNC.NS plans to raise up to 14 billion rupees ($152.34 million) through the sale of separately transferable redeemable principal part (STRPPs) bonds maturing in two and three years, three bankers said on Friday.

It will pay an annual coupon of 7.15% and has invited commitment bids for the issue later in the day, they said.

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

 Here is the list of deals reported so far on January 30:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Hindustan Zinc
2 years
7.15
4.20
January 30
AAA(Crisil)
Hindustan Zinc
3 years
7.15
9.80
January 30
AAA(Crisil)

 * Size includes base plus greenshoe for some issues

   ($1 = 91.9020 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sherry Jacob-Phillips)

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