India New Issue-India's Tata Power accepts bids for multiple tenor bonds, bankers say
18/12/2025 08:01
MUMBAI, Dec 18 (Reuters) - India's Tata Power Company TTPW.NS has accepted bids worth 20 billion rupees ($221.9 million) for bonds maturing in three years as well as in five years, two merchant bankers said on Thursday. The company will pay an annual coupon of 7.05% and 7.25% on three-year and five-year papers, respectively, and had invited bids from bankers and investors earlier in the day, they said. It did not reply to a Reuters email seeking comment. Here is the list of deals reported so far on December 18:
| Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
| Tata Power | 3 years | 7.05 | 10 | December 18 | AA+ (Crisil) |
| Tata Power | 5 years | 7.25 | 10 | December 18 | AA+ (Crisil) |
Recent news on Tata Power
See all newsBrief: Suzlon Energy Gets EPC Contract For 400 MW Wind Energy Project
Adani aims to be major player in India's nuclear power sector, targeting 10 GW by 2035 (updated)
Brief: Tata Power Extends Validity Of Directions For Mundra Thermal Plant To September 30, 2026
Brief: Tata Power Company Receives LoI For Acquisition Of Ryapte Power Transmission
India set for $2-billion drone order in biggest buy, industry body says