India New Issue-UltraTech Cement to issue multiple-tenor bonds, bankers say

Ultratech Cement

03/03/2025 02:39

MUMBAI, March 3 (Reuters) - India's UltraTech Cement ULTC.NS plans to raise 20 billion rupees ($229 million) through a sale of bonds maturing in three years as well as five years, two merchant bankers said on Monday.

UltraTech Cement will raise 10 billion rupees from each option and has invited bids from bankers and investors for the issues on Tuesday, they said.

The company did not immediately reply to a Reuters email seeking comment.

  Here is the list of deals reported so far on March 3:

Issuer
Tenure
Coupon (in %)
Issue size (in bln rupees)*
Bidding date
Rating
UltraTech Cement
3 years
To be decided
10
March 4
AAA (Crisil)
UltraTech Cement
5 years
To be decided
10
March 4
AAA (Crisil)

*Size includes base plus greenshoe for some issues

($1 = 87.3690 Indian rupees)

 (Reporting by Dharamraj Dhutia; Editing by Varun H K)

 ((Dharamraj.dhutia@tr.com))