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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    First post: STI