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    TORNTPOWER — Torrent Power News Story

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    India New Issue-Torrent Power to issue longer tenor bonds, bankers say

    Picture of Torrent Power logoTorrent Power
    04/03/2026 03:59
    MUMBAI, March 4 (Reuters) - India's Torrent Power TOPO.NS plans to raise 20 billion rupees ($217.30 million) through the sale of bonds maturing in eight years, nine years and 10 years, three merchant bankers said on Thursday.

The company will pay an annual coupon of 7.97% to the investors of all the tenors, and has invited bids for the same on Friday, the bankers said.

Torrent Power did not immediately respond to a Reuters email seeking comment.

 Here is the list of deals reported so far on March 4:


    IssuerTenureCoupon (in %)Issue size (in bln rupees)*Bidding dateRating
    Torrent Power8 years7.976.80March 6AA+ (Crisil, India Ratings)
    Torrent Power9 years7.976.75March 6AA+ (Crisil, India Ratings)
    Torrent Power10 years7.976.45March 6AA+ (Crisil, India Ratings)
    

*Size includes base plus greenshoe for some issues

($1 = 92.0400 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)

 ((Dharamraj.dhutia@tr.com))

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