India New Issue-Samvardhana Motherson to issue 5-year bonds, bankers say

Samvardhana Motherson International

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

*Size includes base plus greenshoe for some issues

($1 = 86.1900 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)

 ((Dharamraj.dhutia@tr.com))