India New Issue-TVS Motor Company accepts bids for bond issue, bankers say

TVS Motor

16/07/2026 11:58

MUMBAI, July 16 (Reuters) - India's TVS Motor Company TVSM.NS has accepted bids worth 5 billion rupees ($51.99 million) for bonds maturing in three years, three bankers said on Thursday.
It will pay a coupon of 7.30% and has invited commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
 
 Here is the list of deals reported so far on July 16: 
Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
TVS Motor Company 
3 years
7.30
5
July 16
AAA (Care)
ICICI Home Finance  
3 years
floating
5.75
July 15
AAA (Icra)
     
*Size includes base plus greenshoe for some issues


 (Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)
 ((Dharamraj.dhutia@tr.com))