India New Issue-TVS Infrastructure Trust accepts bids for 20-year bonds, bankers say

TVS Infrastructure Trust

14/01/2026 06:25

MUMBAI, Jan 14 (Reuters) - India's TVS Infrastructure Trust TVSI.NS accepted bids worth 8.30 billion rupees ($92.08 million) for the sale of staggered-redemption bonds maturing in 20 years, three bankers said on Monday.

It will pay a coupon of 7.42% annually and had invited commitment bids for the issue on Tuesday, they said.

The redemptions will begin on March 31, 2026 and continue quarterly, with a final payment at maturity. The notes will include a call option exercisable within 120 days of allotment and a put option on the 10th anniversary of the allotment date, the bankers added.

The company did not respond to a Reuters email seeking comment.

 Here is the list of deals reported so far on January 14:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
TVS Infrastructure Trust
20 years
7.42
8.3
January 13
AAA (ICRA)
Cholamandalam Investment and Finance Company
5 years
7.73
4+6
January 16
AA+ (Icra, Care)
Torrent Pharmaceuticals
2 years
7.45
20
January 16
AA+ (India Ratings, Icra
Torrent Pharmaceuticals
3 years
7.60
25
January 16
AA+ (India Ratings, Icra
Torrent Pharmaceuticals
4 years
7.60
30
January 16
AA+ (India Ratings, Icra
Torrent Pharmaceuticals
5 years
7.80
35
January 16
AA+ (India Ratings, Icra

*Size includes base plus greenshoe for some issues

 (Reporting by Dharamraj Dhutia; Editing by Rashmi Aich)

 ((Dharamraj.dhutia@tr.com))