India New Issue-TVS Motor to issue three-year bonds, bankers say
15/07/2026 07:13
India New Issue-TVS Motor to issue three-year bonds, bankers say MUMBAI, July 15 (Reuters) - India's TVS Motor Company TVSM.NS plans to raise up to 5 billion rupees ($51.99 million) through the sale of bonds maturing in three years, three bankers said on Wednesday.
It will pay a coupon of 7.3% and has invited commitment bids for the issue on Thursday, 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 15:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
TVS Motor | 3 years | 7.3 | 5 | July 16 | AAA(Care) |
* Size includes base plus greenshoe for some issues
($1 = 96.1750 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
((Dharamraj.dhutia@tr.com, Khushi.malhotra@tr.com))
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