India New Issue-TVS Holdings to issue 5-yr bonds, bankers say

TVS Holdings

31/05/2024 10:09

MUMBAI, May 31 (Reuters) - India's TVS Holdings  TVSH.NS  plans to raise 6.50 billion
rupees ($78 million) through 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 May 31: 
                                                                          
 Issuer         Tenure        Coupon (in %)  Issue size (in  Bidding      Rating
                                             bln rupees)*    date         
                                                                          
 TVS Holdings   5 years       8.65           6.50            June 6       AA (Crisil)
                3 years       8.73           12.50           June 6       AA- (India
 Eris                                                                     Ratings)
 Lifesciences                                                             
                                                                          
                5 years       8.18           22.75           May 30       AAA (Crisil,
 M&M Financial                                                            India Ratings)
                                                                          
 
*Size includes base plus greenshoe for some issues

($1 = 83.3620 Indian rupees)

 (Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Varun H K)
 ((Dharamraj.dhutia@tr.com))