India New Issue-UltraTech Cement accepts bids for multiple tenor bonds, bankers say

Ultratech Cement

31/07/2026 12:45

MUMBAI, July 31 (Reuters) - India's UltraTech Cement ULTC.NS has accepted bids worth an aggregate of 50 billion rupees ($524.22 million) for multiple-tenor bonds, its largest-ever rupee bond sale, three merchant bankers said on Friday.
UltraTech Cement accepted bids of 15 billion rupees each for 2-year and 6-month and 3-year and 6-month bonds at 7.22% and 7.23% coupons, respectively.
It raised 20 billion rupees through 5-year papers at an annual coupon of 7.25%, and had invited commitment bids for all the tenors earlier in the day, the bankers added.
The company did not immediately reply to a Reuters email seeking comment.

 
 Here is the list of deals reported so far on July 31: 
Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
UltraTech Cement 
2-year and 6-month
7.22
15
July 31
AAA (Crisil, Care)
UltraTech Cement 
3-year and 6-month
7.23
15
July 31
AAA (Crisil, Care)
UltraTech Cement 
5 years
7.25
20
July 31
AAA (Crisil, Care)
NABARD
5 years, 1 months and 12 days
To be decided
20+60
August 4
AAA(Icra, India Ratings)
Mindspace Business Park REIT
2 years 
7.4913
6
July 31
AAA(Crisil)
SMFG India Credit Company
3 years
7.73
11
July 31
AAA(Crisil, Care)
Bajaj Housing Finance
10 years
To be decided
5+15
August 3
AAA(Crisil, India Ratings)

*Size includes base plus greenshoe for some issues




($1 = 95.3800 Indian rupees)

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