India New Issue-UltraTech Cement accepts bids for multiple-tenor bonds, bankers say
04/03/2025 07:45
MUMBAI, March 4 (Reuters) - India's UltraTech Cement ULTC.NS has accepted bids worth 20 billion rupees ($229 million) for bonds maturing in three years as well as five years, two merchant bankers said on Tuesday. UltraTech Cement will pay an annual coupon of 7.34% on each option and has accepted bids worth 10 billion rupees each, they said. The company had invited bids from bankers and investors for the issues earlier in the day. The company did not reply to a Reuters email seeking comment. Here is the list of deals reported so far on March 4:
| Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
| UltraTech Cement | 3 years | 7.34 | 10 | March 4 | AAA (Crisil) |
| UltraTech Cement | 5 years | 7.34 | 10 | March 4 | AAA (Crisil) |
| Cholamandalam Investment | 7 years | 9.05 | 10+5 | March 5 | AA+ (Icra, India Ratings) |
| AnZen India Energy Yield Plus Trust | 3 years | 7.77 (quarterly) | 7 | March 5 | AAA (Crisil, India Ratings) |
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