India New Issue-Tata Power to issue multiple tenor bonds, bankers say
16/12/2025 10:53
MUMBAI, Dec 16 (Reuters) - India's Tata Power Company TTPW.NS plans to raise 20 billion rupees ($219.93 million) through sale of bonds maturing in three years as well as five years, two merchant bankers said on Tuesday. The company will pay an annual coupon of 7.05% and 7.25% on three-year and five-year papers and has invited bids from bankers and investors on Thursday, they said. Here is the list of deals reported so far on December 16:
| 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) |
| Brookfield REIT | 5 years | 7.06 (quarterly) | 20 | December 18 | AAA (Crisil, Icra) |
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