Here is an overview of the main transactions in the bond market on Tuesday.
Non-convertible debentures:
NIIF Infrastructure Finance accepts offers worth INR 625 crore on five-year bonds with a coupon of 7.05%
Mahindra & Mahindra Financial Services accepts bids worth INR 300 crore on two-year bonds with a coupon of 5.98%
Century Textiles and Industries accepts offers worth INR 250 crore on three-year bonds with a coupon of 6.32%
Tata Capital accepts offers worth INR 300 crore on three-year, one-month bonds with a coupon of 6.70%
Shriram City Union Finance accepts bids worth INR 440 crore on 15 month bonds with 7.50% coupon
DBL Borgaon Watambare Highways accepts offers worth INR 334 crore on 13-year and three-month bonds with a six-monthly coupon of 6.32%
DBL Mangalwedha Solapur Highways accepts bids worth INR 325 crore on 13-year bonds with a semi-annual coupon of 6.32%
LIC Housing Finance to raise at least INR 250 crore via April 2025 zero coupon bond reissue, launches tender Feb 22
LIC Housing Finance to raise at least INR 500 crore via June 2024 5.75% bond reissue at 5.71% yield, invites bids on Feb 22
LIC Housing Finance to raise at least INR 300 crore via reissue of 6.65% February 2027 bond at 6.60% yield, invites bids on Feb 22
Tata Capital Housing Finance to raise at least INR 100 crore two-year bond at 5.86% coupon, launches tender on Feb 22
HDB Financial Services to raise at least INR 200 crore via 23-month 5.75% coupon bonds, launches tender on Feb 22
Shriram Transport Finance raises INR 150 crore via three-year and one-month bonds at 7.40% coupon
Aditya Birla Finance in talks to raise funds through December 2031 7.43% subordinated bond reissue
Commercial papers:
The CIO will raise funds via a two-month CP with a coupon of 3.85%
Godrej Industries to raise funds via a three-month CP with a coupon of 4.03%
JM Financial Services to raise funds via a three-month CP with a coupon of 4.95%
L&T Finance to raise funds via a one-year CP with a coupon of 5.15%
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