India New Issue-Nuvoco Vistas Corp accepts bids for 3-year bonds, bankers say

Nuvoco Vistas

17/09/2025 10:46

MUMBAI, Sept 17 (Reuters) - India's Nuvoco Vistas Corporation NUVO.NS accepted bids worth 6 billion rupees ($68.3 million) for bonds maturing in three years, three merchant bankers said on Wednesday.

The company will pay an annual coupon of 7.70%, and had invited commitment bids from bankers and investors earlier in the day, they said.

The company did not reply to a Reuters email seeking comment.

Here is the list of deals reported so far on September 17:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Godrej Industries
5 years and 5 months
To be decided
5.5+2.5
September 18
AA+ (Crisil)
NIIF Infrastructure Finance
5 years and 2 months
To be decided
2+4
September 18
AAA (Icra)
Aditya Birla Housing Finance
3 years
To be decided
4+1
September 18
AAA (Crisil)
TVS Credit Services
3 years
To be decided
5+2
September 18
AA+ (Crisil)
Nuvoco Vistas Corp
3 years
7.70
6
September 17
AA (Crisil)
Numaligarh Refinery
10 years
To be decided
10+40
September 22
AAA (Crisil, India Ratings)

  * Size includes base plus greenshoe for some issues

($1 = 87.7830 Indian rupees)

 (Reporting by Dharamraj Dhutia, Khushi Malhotra)

 ((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))