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These also include a public sector bank, Punjab & Sind Bank, which has decided to raise money through certificates of deposit.
Tata Capital has accepted bids worth Rs 180 crore ($22 million) for the reissue of 8.1165 per cent May 2026 bonds, the report said, quoting merchant bankers aware of the matter. The company will offer a yield of 7.95 per cent and invited bids for the reissue on Tuesday.
In February, the company raised Rs 3.63 billion via multiple-tenor bonds.
The PSB will raise funds through the sale of certificates of deposit maturing in three months. The bank will offer a yield of 7.22 per cent on the issue and has received commitments worth around Rs 275 crore ($33.6 million), the report said, quoting bankers in the know of the matter.
LIC Housing Finance
The bonds are rated AAA by Crisil, and the issue will be settled on Friday. The issue has a greenshoe option to retain an additional Rs 15 billion.
Bajaj Housing Finance
The notes are rated AAA by Crisil, and the issue will be settled on Friday. The issue has a greenshoe option to retain an additional Rs 8 billion.
Sundaram Home Finance
The company will pay an annual coupon of 8 per cent on the bond issue, for which it has invited bids on Thursday.
Toyota Financial Services
The non-banking financial company will pay an annual coupon of 8.10 per cent on this issue and has invited commitment bids from bankers and investors on Thursday.
In March, the company raised Rs 150 crore, selling bonds maturing in three years and three months at an annual coupon of 8.35 per cent.
Tata Housing Development plans to raise Rs 800 crore Indian ($97.59 million) by selling bonds maturing in three years.
The bonds are rated AA by CARE Ratings, and the issue will be settled on Friday. In January, the company raised Rs 600 crore through the sale of three-year bonds at an annual coupon of 8.48 per cent.
Shriram Finance Ltd will raise at least Rs 250 crore ($30.5 million) through the sale of bonds maturing in five years.
The bonds are rated AA+ by Crisil, and the issue will be settled on Friday. The issue has a greenshoe option to retain an additional Rs 500 crore.
(With agency inputs)
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