India New Issue-TVS Holdings accepts bids for 5-year bonds, bankers say

TVS Holdings

07/06/2024 05:23

MUMBAI, June 7 (Reuters) - India's TVS Holdings  TVSH.NS  has accepted bids worth 6.50
billion rupees ($77.89 million) for the sale of bonds maturing in five years, three bankers said
on Friday.
    It will pay an annual coupon of 8.65% on this issue, and has invited bids from bankers and
investors on Thursday, they said.
    
 
 Here is the list of deals reported so far on June 7: 
                                                                      
   Issuer   Tenure        Coupon (in %)  Issue size (in  Bidding      
                                         bln rupees)*    date         Rating
                                                                      
                                                                      
 TVS             5 years           8.65            6.50  June 6       AA
 Holdings                                                             (Crisil)
 
*Size includes base plus greenshoe for some issues



($1 = 83.4525 Indian rupees)

 (Reporting by Dharamraj Dhutia and Bhakti Tambe
Editing by Eileen Soreng)
 ((Dharamraj.dhutia@tr.com))