India New Issue-Samvardhana Motherson accepts bids for bond issue, bankers say

Samvardhana Motherson International

25/06/2025 10:52

MUMBAI, June 25 (Reuters) - India's Samvardhana Motherson International SAMD.NS has accepted bids worth 20.25 billion Indian rupees  ($235.34 million) for bonds maturing in five years, three merchant bankers said on Wednesday.

It will pay an annual coupon of 6.80% and had invited 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 June 25:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Samvardhana Motherson
5 years
6.80
20.25
June 25
AAA (Crisil, India Ratings)
SMFG India Credit
3 years
7.30
6.60
June 25
AAA (India Ratings)
Highways Infra Trust
3 years
6.95 (quarterly)
8.00
June 25
AAA (Crisil)
APMDC May 2035 reissue
STRPP
9.6227 (yield, quarterly)
55.26
June 25
AA- (Care)
TVS Credit Services
3 years
7.50
2+6
June 26
AA+ (Care)
Embassy Office Parks REIT
1 year and 9 months
6.9650 (quarterly)
7.50
June 26
AAA (Crisil)
Axis Finance
3 years
To be decided
2+3
June 26
AAA (Crisil)
ICICI Bank
15 years
To be decided
5+5
June 26
AAA (Care, Icra)
Lakadia Banaskantha Transco
17 years and 9 months
7.70 (quarterly)
4.79
July 1
AAA (Crisil, Icra)
Lakadia Banaskantha Transco
19 years and 3 months
7.84 (quarterly)
1
July 1
AAA (Crisil, Icra)

*Size includes base plus greenshoe for some issues

($1 = 86.0450 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Tasim Zahid)

 ((Dharamraj.dhutia@tr.com))