India New Issue-Nexus Select Trust to issue 7-year bonds, bankers say
29/04/2025 04:24
MUMBAI, April 29 (Reuters) - India's Nexus Select Trust NEXE.NS plans to raise 5.5 billion rupees ($64.63 million) through a sale of bonds maturing in seven years, three merchant bankers said on Tuesday. The company has invited coupon and commitment bids from bankers and investors later in the day, they said. It 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 | To be decided | 5.5 | April 29 | AAA (Crisil) |
| 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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