India New Issue-Nexus Select Trust accepts bids for 7-year bonds, bankers say
29/04/2025 09:47
MUMBAI, April 29 (Reuters) - India's Nexus Select Trust NEXE.NS has accepted bids worth 5.5 billion rupees ($64.55 million) for bonds maturing in seven years, three merchant bankers said on Tuesday. The company will pay a coupon of 7.19% and had invited commitment bids from bankers and investors earlier in the day, they said. Nexus Select Trust did not reply to a Reuters email seeking comment. Here is the list of deals reported so far on April 29:
| Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
| Nexus Select Trust | 7 years | 7.19% | 5.5 | April 29 | AAA (Icra) |
| PFC | 15 years | To be decided | 5+20 | April 30 | AAA (Crisil, Care, Icra) |
| Muthoot Finance | 5 years | 8.20 | 5+5 | April 29 | AA+(Crisil, Icra) |
| IndiGrid Infra Trust | 8 years and 11 months | 6.40 (quarterly) | 4.60 | April 28 | AAA (Crisil) |
| LIC Housing Finance | 5 years | 7.07 | 12.10 | April 28 | AAA (Crisil, Care) |
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