India New Issue-Equitas Small Finance Bank to issue 10-year bonds, bankers say

Tata Capital

23/09/2026 10:31

MUMBAI, Sept 23 (Reuters) - India's Equitas Small Finance Bank EQUI.NS plans to raise up to 5 billion rupees ($52.24 million) through the sale of bonds maturing in 10 years, three bankers said on Wednesday. 
It will pay a coupon of 9.95% and has invited commitment bids for the issue on Thursday, they said, adding that the bond will have a call option exercisable after five years. 
The lender did not immediately respond to a Reuters email seeking comment. 

Here is the list of deals reported so far on September 23: 
Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
Equitas Small Finance Bank
10 years
9.95
5
September 24
AA- (Care)
Tata Capital Housing
3 years
8.20
10+7.25
September 24
AAA (Crisil, Icra)
Bajaj Housing Aug 2031 reissue
4 years and 11 months
To be decided
5+10
September 24
AAA (Crisil, India Ratings)
Clean Max Enviro
2 years
8.25
2
September 24
AA (Crisil)
Clean Max Enviro 
3 years
8.4850
4
September 24
AA (Crisil)
Clean Max Enviro 
5 years
8.7650
8.07
September 24
AA (Crisil)
Clean Max Enviro 
10 years
8.7650
6.15
September 24
AA (Crisil)
Clean Max Enviro 
10 years
8.7650
4.78
September 24
AA (Crisil)
     
*Size includes base plus greenshoe for some issues


($1 = 95.7200 Indian rupees)

 (Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Priyanka G)
 ((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))