India New Issue-Samvardhana Motherson to issue 5-year bonds, bankers say
24/06/2025 05:23
MUMBAI, June 24 (Reuters) - India's Samvardhana Motherson International SAMD.NS plans to raise 25 billion rupees ($290.1 million), including a greenshoe option of 5 billion rupees, through the sale of bonds maturing in five years, three merchant bankers said on Tuesday. It will pay an annual coupon of 6.80% and has invited bids from bankers and investors on Wednesday, they said. The company did not reply to a Reuters email seeking comment. Here is the list of deals reported so far on June 24:
| Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
| Samvardhana Motherson | 5 years | 6.80 | 20+5 | June 25 | AAA (Crisil, Icra, India Ratings) |
| Muthoot Finance | 2 years and 5 months | 8.05 | 5+5 | June 25 | AA+ (Crisil, Icra) |
| L&T Finance | 3 years and 3 months | 7.20 (yield) | 1.50+3.50 | June 25 | AAA (India Ratings, Crisil |
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