India New Issue-Lloyds Metals and Energy to issue 6-year bonds, bankers say
05/05/2026 07:56
MUMBAI, May 5 (Reuters) - India's Lloyds Metals and Energy LYMT.NS plans to raise up to 7.5 billion rupees ($78.63 million) through the sale of bonds maturing in six years, three bankers said on Tuesday. It will pay a coupon of 8% (semi-annually) and has invited commitment bids for the issue on Thursday, they said. The company did not immediately respond to a Reuters email seeking comment. Here is the list of deals reported so far on April 5:
| Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
| Lloyds Metal and Energy | 6 years | 8 (payable semi-annually) | 7.5 | May 7 | AA (Crisil, India Ratings) |
| Cholamandalam Investment and Finance Company | 3 years and 1 month | 8.08 | 5 | May 4 | AA+ (Icra) |
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