India New Issue-Motilal Oswal Financial to issue 5-year bonds, bankers say

Motilal Oswal Financial Services

11/09/2026 08:43

MUMBAI, Sept 11 (Reuters) - India's Motilal Oswal Financial Services MOFS.NS plans to raise up to 5.6 billion rupees ($58.5 million), including a greenshoe option of 1.6 billion rupees, through the sale of bonds maturing in five years, three bankers said on Friday. 
It will pay a coupon of 8.7% and has invited commitment bids for the issue on Tuesday, they said. 
The company did not immediately respond to a Reuters email seeking comment. 

 Here is the list of deals reported so far on September 11: 
Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Motilal Oswal Financial Services
5 years
8.7
4+1.6
September 15
AA+(Icra)
LIC Housing Finance
3 years
To be decided
10+25
September 15
AAA (Crisil, Icra)
Reliance Industries
5 years
7.47
100+25
September 15
AAA (Crisil)
Canara Bank
perpetual
To be decided
20+25
September 16
AA+ (Crisil, Icra)
Sammaan Capital
3 years
9.05
5
September 10
AA+ (Crisil, Icra)
Sammaan Capital 
5 years
9.10
2.75
September 10
AA+ (Crisil, Icra)

*Size includes base plus greenshoe for some issues




($1 = 95.7175 Indian rupees)

 (Reporting by Khushi Malhotra and Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
 ((Khushi.malhotra@tr.com, Dharamraj.dhutia@tr.com))