India New Issue-M&M Financial accepts bids for near 2-year bonds, bankers say
12/05/2026 07:02
MUMBAI, May 12 (Reuters) - India's M&M Financial accepted bids worth 8.55 billion rupees ($89.5 million) in a sale of bonds maturing in one year and nine months, three bankers said on Tuesday. The non-bank lender will pay a coupon of 7.9% and had invited commitment bids for the issue on Monday, they said. The company did not immediately respond to a Reuters email seeking comment. Here is the list of deals reported so far on May 12:
| Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
| M&M Financial | 1 year and 9 months | 7.90 | 8.55 | May 11 | AAA (Crisil) |
| Aditya Birla Capital May 2031 reissue | 5 years | To be decided | 2.5+4.5 | May 13 | AAA (Crisil) |
| Aditya Birla Capital Feb 2029 reissue | 2 years and 10 months | To be decided | 2.5+2.5 | May 13 | AAA (Crisil) |
| Bajaj Finance April 2029 reissue | 2 years and 11 months | 7.95 | 10.70 | May 11 | AAA (Crisil) |
| Bajaj Finance | 5 years | 8 | 18.22 | May 11 | AAA (Crisil) |
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