India New Issue-TVS Holdings accepts bids for bond issue, bankers say
23/03/2026 07:00
MUMBAI, March 23 (Reuters) - India's TVS Holdings TVSH.NS has accepted bids worth 6.50 billion rupees ($69.23 million) for bonds maturing in three years and three months, three bankers said on Monday. It will pay an annual coupon of 8.10% on this issue, and had invited coupon and commitment bids earlier in the day, they said. The company did not reply to a Reuters email seeking comment. Here is the list of deals reported so far on March 23:
| Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
| TVS Holdings | 3 year and 3 months | 8.10 | 6.5 | March 23 | AA+ (Crisil) |
| Indian Bank | 10 years | 7.15 | 50 | March 23 | AAA (Crisil, Care) |
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