India New Issue-TVS Infrastructure Trust to issue 20-year bonds, bankers say
12/01/2026 06:32
MUMBAI, Jan 12 (Reuters) - India's TVS Infrastructure Trust TVSI.NS plans to raise up to 8.30 billion rupees ($92.08 million) by issuing staggered-redemption bonds maturing in 20 years, three bankers said on Monday.
It will pay a coupon of 7.42% annually and has 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 immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on January 12:
| Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
| TVS Infrastructure Trust | 20 years | 7.42 | 8.30 | January 13 | AAA (ICRA) |
| Bajaj Housing Oct 2028 reissue | 2 year and 9 months | 7.08 (yield) | 5 | January 9 | AAA (Crisil |
| Kotak Mahindra Prime | 5 years | To be decided | 5+1 | January 12 | AAA (Crisil) |