Chola Invest & Fin.
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MUMBAI, June 24 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS accepted bids worth 20 billion rupees ($211.75 million) in a sale of subordinated bonds maturing in seven years, three bankers said on Thursday.
It will pay a coupon of 8.88% and had invited commitment bids for the issue on Wednesday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance Company | 7 years | 8.88 | 20 | June 24 | AA+ (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.4500 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, June 24 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS accepted bids worth 20 billion rupees ($211.75 million) in a sale of subordinated bonds maturing in seven years, three bankers said on Thursday.
It will pay a coupon of 8.88% and had invited commitment bids for the issue on Wednesday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on June 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance Company | 7 years | 8.88 | 20 | June 24 | AA+ (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 94.4500 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Nivedita Bhattacharjee)
MUMBAI, May 26 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS has accepted bids worth 50 billion rupees ($523.94 million) for floating-rate bonds maturing in two years and nine months, marking its largest private debt issuance, three bankers said on Tuesday.
The bonds will carry an initial coupon of 8.12%, with subsequent resets linked to the three-month Treasury bill yield plus a spread of 275 basis points.
The company had invited commitment bids for the issue on Monday and also confirmed the details via email.
Here is the list of deals reported so far on May 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 2 years and 9 months | 91-day treasury bill linked | 50 | May 25 | AA+ (Icra, Care) |
* Size includes base plus greenshoe for some issues
($1 = 95.4300 Indian rupees)
(Reporting by Dharamraj Dhutia)
MUMBAI, May 26 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS has accepted bids worth 50 billion rupees ($523.94 million) for floating-rate bonds maturing in two years and nine months, marking its largest private debt issuance, three bankers said on Tuesday.
The bonds will carry an initial coupon of 8.12%, with subsequent resets linked to the three-month Treasury bill yield plus a spread of 275 basis points.
The company had invited commitment bids for the issue on Monday and also confirmed the details via email.
Here is the list of deals reported so far on May 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 2 years and 9 months | 91-day treasury bill linked | 50 | May 25 | AA+ (Icra, Care) |
* Size includes base plus greenshoe for some issues
($1 = 95.4300 Indian rupees)
(Reporting by Dharamraj Dhutia)
MUMBAI, May 22 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise up to 50 billion rupees ($519.41 million), including a greenshoe option of 18.65 billion rupees, through a sale of floating-rate bonds maturing in three years and two months, three bankers said on Friday.
The bonds will carry an initial coupon of 8.52%, with subsequent resets linked to the three-month Treasury bill yield plus a spread of 315 basis points, they said, adding that the company has invited commitment bids for the issue on Monday.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 3 years and 2 months | 8.52 (initial) | 31.35+18.65 | May 25 | AA+ (Icra, Crisil) |
Cholamandalam Investment | 2 years and 9 months | 8.12 (initial) | 50 | May 25 | AA+(Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 96.2625 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Ronojoy Mazumdar)
MUMBAI, May 22 (Reuters) - India's Muthoot Finance MUTT.NS plans to raise up to 50 billion rupees ($519.41 million), including a greenshoe option of 18.65 billion rupees, through a sale of floating-rate bonds maturing in three years and two months, three bankers said on Friday.
The bonds will carry an initial coupon of 8.52%, with subsequent resets linked to the three-month Treasury bill yield plus a spread of 315 basis points, they said, adding that the company has invited commitment bids for the issue on Monday.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Muthoot Finance | 3 years and 2 months | 8.52 (initial) | 31.35+18.65 | May 25 | AA+ (Icra, Crisil) |
Cholamandalam Investment | 2 years and 9 months | 8.12 (initial) | 50 | May 25 | AA+(Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 96.2625 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Ronojoy Mazumdar)
MUMBAI, May 19 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS plans to raise up to 10 billion rupees ($103.7 million), including a greenshoe option of 6.35 billion rupees, through the reissue of 8.08% June 2029 bonds, three bankers said on Tuesday.
It will offer an effective yield of 8.35% and has invited commitment bids for the issue on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance Company | 3 years | 8.35 (yield) | 3.65+6.35 | May 20 | AA+(Icra, Care) |
ICICI Home Finance Company | 3 years | 7.25 (initial, reset quarterly) | 5.5+1 | May 20 | AAA(Icra) |
Tata Capital | 2 years and 9 months | 7.42 (initial) | 27.50+12.50 | May 20 | AAA(Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 96.4325 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, May 19 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS plans to raise up to 10 billion rupees ($103.7 million), including a greenshoe option of 6.35 billion rupees, through the reissue of 8.08% June 2029 bonds, three bankers said on Tuesday.
It will offer an effective yield of 8.35% and has invited commitment bids for the issue on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance Company | 3 years | 8.35 (yield) | 3.65+6.35 | May 20 | AA+(Icra, Care) |
ICICI Home Finance Company | 3 years | 7.25 (initial, reset quarterly) | 5.5+1 | May 20 | AAA(Icra) |
Tata Capital | 2 years and 9 months | 7.42 (initial) | 27.50+12.50 | May 20 | AAA(Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 96.4325 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, May 5 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS has accepted bids totalling 5 billion rupees ($52.43 million) in a sale of bonds maturing in three years and one month, three bankers said on Tuesday.
The firm will pay a coupon of 8.08% and had invited commitment bids for the issue on Monday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance Company | 3 years and 1 month | 8.08 | 5 | May 4 | AA+ (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.3600 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, May 5 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS has accepted bids totalling 5 billion rupees ($52.43 million) in a sale of bonds maturing in three years and one month, three bankers said on Tuesday.
The firm will pay a coupon of 8.08% and had invited commitment bids for the issue on Monday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance Company | 3 years and 1 month | 8.08 | 5 | May 4 | AA+ (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.3600 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, April 30 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS plans to raise up to 15 billion rupees ($157.53 million), including a greenshoe option of 10 billion rupees, through a sale of bonds maturing in three years and one month, three bankers said on Thursday.
The firm will pay a coupon of 8.08% and has invited commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 30:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance Company | 3 years and 1 month | 8.08 | 5+10 | May 4 | AA+ (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.2187 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, April 30 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS plans to raise up to 15 billion rupees ($157.53 million), including a greenshoe option of 10 billion rupees, through a sale of bonds maturing in three years and one month, three bankers said on Thursday.
The firm will pay a coupon of 8.08% and has invited commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on April 30:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance Company | 3 years and 1 month | 8.08 | 5+10 | May 4 | AA+ (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 95.2187 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
March 25 (Reuters) - Cholamandalam Investment and Finance Company Ltd CHLA.NS:
CO AWARDS WORKS CONTRACT FOR CORPORATE OFFICE BUILDING FOR 5.40 BILLION RUPEES
Source text: ID:nBSE1XtffP
Further company coverage: CHLA.NS
(([email protected];;))
March 25 (Reuters) - Cholamandalam Investment and Finance Company Ltd CHLA.NS:
CO AWARDS WORKS CONTRACT FOR CORPORATE OFFICE BUILDING FOR 5.40 BILLION RUPEES
Source text: ID:nBSE1XtffP
Further company coverage: CHLA.NS
(([email protected];;))
MUMBAI, March 20 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS accepted bids worth 20 billion rupees ($214.3 million) in a sale of bonds maturing in three years, three bankers said on Friday.
The firm will pay a coupon of 7.94% and had invited commitment bids for the issue on Wednesday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on March 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance Company | 3 years | 7.94 | 20 | March 18 | AA+ (Icra) |
JSW Kalinga Steel | 5 years | 8.76% (yield) | 60 | March 18 | AA (Crisil) |
JSW Kalinga Steel | 5 years and one day | 8.76% (yield) | 35 | March 18 | AA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 93.3340 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, March 20 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS accepted bids worth 20 billion rupees ($214.3 million) in a sale of bonds maturing in three years, three bankers said on Friday.
The firm will pay a coupon of 7.94% and had invited commitment bids for the issue on Wednesday, they said.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on March 20:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance Company | 3 years | 7.94 | 20 | March 18 | AA+ (Icra) |
JSW Kalinga Steel | 5 years | 8.76% (yield) | 60 | March 18 | AA (Crisil) |
JSW Kalinga Steel | 5 years and one day | 8.76% (yield) | 35 | March 18 | AA (Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 93.3340 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, March 17 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS plans to raise up to 20 billion rupees ($216.46 million), including a greenshoe option of 10 billion rupees, through a sale of bonds maturing in three years, three bankers said on Tuesday.
The firm has invited coupon and commitment bids for the issue on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on March 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance Company | 3 years | To be decided | 10+10 | March 18 | AA+ (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 92.3970 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, March 17 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS plans to raise up to 20 billion rupees ($216.46 million), including a greenshoe option of 10 billion rupees, through a sale of bonds maturing in three years, three bankers said on Tuesday.
The firm has invited coupon and commitment bids for the issue on Wednesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on March 17:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance Company | 3 years | To be decided | 10+10 | March 18 | AA+ (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 92.3970 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
Feb 26 (Reuters) - Cholamandalam Investment and Finance Company Ltd CHLA.NS:
CLARIFICATION REGARDING REPORT "VELLAYAN SUBBIAH TO EXIT CHOLAMANDALAM INVESTMENT FINANCE"
VELLAYAN SUBBIAH CONTINUES AS EXECUTIVE CHAIRMAN
NO CHANGE IN MANAGEMENT CONTROL OR OWNERSHIP
Source text: ID:nBSEY2dxs
Further company coverage: CHLA.NS
(([email protected];;))
Feb 26 (Reuters) - Cholamandalam Investment and Finance Company Ltd CHLA.NS:
CLARIFICATION REGARDING REPORT "VELLAYAN SUBBIAH TO EXIT CHOLAMANDALAM INVESTMENT FINANCE"
VELLAYAN SUBBIAH CONTINUES AS EXECUTIVE CHAIRMAN
NO CHANGE IN MANAGEMENT CONTROL OR OWNERSHIP
Source text: ID:nBSEY2dxs
Further company coverage: CHLA.NS
(([email protected];;))
MUMBAI, Feb 9 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS plans to raise up to 15 billion rupees ($165.7 million), including a greenshoe option of 5 billion rupees, through the reissue of 8.40% 2027 bonds, three bankers said on Monday.
It will offer a yield of 7.77% annually and has invited commitment bids for the issue later in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on February 9:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance Company | 1 year and 7 months | 7.77(yield) | 10+5 | February 9 | AA+ (Icra) |
Tata Capital 7.95% 2028 bond reissue | 2 years | 7.95 | 2.5+12.5 | February 9 | AAA(Crisil, Incra) |
*Size includes base plus greenshoe for some issues
($1 = 90.5150 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
MUMBAI, Feb 9 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS plans to raise up to 15 billion rupees ($165.7 million), including a greenshoe option of 5 billion rupees, through the reissue of 8.40% 2027 bonds, three bankers said on Monday.
It will offer a yield of 7.77% annually and has invited commitment bids for the issue later in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on February 9:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance Company | 1 year and 7 months | 7.77(yield) | 10+5 | February 9 | AA+ (Icra) |
Tata Capital 7.95% 2028 bond reissue | 2 years | 7.95 | 2.5+12.5 | February 9 | AAA(Crisil, Incra) |
*Size includes base plus greenshoe for some issues
($1 = 90.5150 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
Jan 30 (Reuters) - Cholamandalam Investment and Finance Company Ltd CHLA.NS:
DEC-QUARTER CONSOL PROFIT 12.9 BILLION RUPEES
DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 78.98 BILLION RUPEES
DIVIDEND 1.3 RUPEES PER SHARE
Further company coverage: CHLA.NS
(([email protected];))
Jan 30 (Reuters) - Cholamandalam Investment and Finance Company Ltd CHLA.NS:
DEC-QUARTER CONSOL PROFIT 12.9 BILLION RUPEES
DEC-QUARTER CONSOL TOTAL REVENUE FROM OPERATIONS 78.98 BILLION RUPEES
DIVIDEND 1.3 RUPEES PER SHARE
Further company coverage: CHLA.NS
(([email protected];))
MUMBAI, Jan 28 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS has accepted bids worth 20 billion rupees ($217.92 million) for the sale of bonds maturing in two years and five months, three bankers said on Wednesday.
It will pay a coupon of 7.83% annually, and had invited commitment bids for the issue on Tuesday, they said.
The company confirmed the transaction in a reply to a Reuters email.
Here is the list of deals reported so far on January 28:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance | two years and five months | 7.83 | 20 | January 27 | AA+ (Icra) |
360 One Prime | 2 years and four months | 8.80 | 7.51 | January 28 | AA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 91.7750 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, Jan 28 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS has accepted bids worth 20 billion rupees ($217.92 million) for the sale of bonds maturing in two years and five months, three bankers said on Wednesday.
It will pay a coupon of 7.83% annually, and had invited commitment bids for the issue on Tuesday, they said.
The company confirmed the transaction in a reply to a Reuters email.
Here is the list of deals reported so far on January 28:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance | two years and five months | 7.83 | 20 | January 27 | AA+ (Icra) |
360 One Prime | 2 years and four months | 8.80 | 7.51 | January 28 | AA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 91.7750 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra)
MUMBAI, Jan 14 (Reuters) - India's TVS Infrastructure Trust TVSI.NS accepted bids worth 8.30 billion rupees ($92.08 million) for the sale of staggered-redemption bonds maturing in 20 years, three bankers said on Monday.
It will pay a coupon of 7.42% annually and had invited commitment bids for the issue on Tuesday, they said.
The redemptions will begin on March 31, 2026 and continue quarterly, with a final payment at maturity. The notes will include a call option exercisable within 120 days of allotment and a put option on the 10th anniversary of the allotment date, the bankers added.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on January 14:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
TVS Infrastructure Trust | 20 years | 7.42 | 8.3 | January 13 | AAA (ICRA) |
Cholamandalam Investment and Finance Company | 5 years | 7.73 | 4+6 | January 16 | AA+ (Icra, Care) |
Torrent Pharmaceuticals | 2 years | 7.45 | 20 | January 16 | AA+ (India Ratings, Icra |
Torrent Pharmaceuticals | 3 years | 7.60 | 25 | January 16 | AA+ (India Ratings, Icra |
Torrent Pharmaceuticals | 4 years | 7.60 | 30 | January 16 | AA+ (India Ratings, Icra |
Torrent Pharmaceuticals | 5 years | 7.80 | 35 | January 16 | AA+ (India Ratings, Icra |
*Size includes base plus greenshoe for some issues
(Reporting by Dharamraj Dhutia; Editing by Rashmi Aich)
MUMBAI, Jan 14 (Reuters) - India's TVS Infrastructure Trust TVSI.NS accepted bids worth 8.30 billion rupees ($92.08 million) for the sale of staggered-redemption bonds maturing in 20 years, three bankers said on Monday.
It will pay a coupon of 7.42% annually and had invited commitment bids for the issue on Tuesday, they said.
The redemptions will begin on March 31, 2026 and continue quarterly, with a final payment at maturity. The notes will include a call option exercisable within 120 days of allotment and a put option on the 10th anniversary of the allotment date, the bankers added.
The company did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on January 14:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
TVS Infrastructure Trust | 20 years | 7.42 | 8.3 | January 13 | AAA (ICRA) |
Cholamandalam Investment and Finance Company | 5 years | 7.73 | 4+6 | January 16 | AA+ (Icra, Care) |
Torrent Pharmaceuticals | 2 years | 7.45 | 20 | January 16 | AA+ (India Ratings, Icra |
Torrent Pharmaceuticals | 3 years | 7.60 | 25 | January 16 | AA+ (India Ratings, Icra |
Torrent Pharmaceuticals | 4 years | 7.60 | 30 | January 16 | AA+ (India Ratings, Icra |
Torrent Pharmaceuticals | 5 years | 7.80 | 35 | January 16 | AA+ (India Ratings, Icra |
*Size includes base plus greenshoe for some issues
(Reporting by Dharamraj Dhutia; Editing by Rashmi Aich)
MUMBAI, Nov 28 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS plans to raise 10 billion rupees ($111.84 million) through a sale of bonds maturing in three years, three bankers said on Friday.
The company will pay an annual coupon of 7.36% and has invited commitment on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on November 28:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 3 years | 7.36 | 5+5 | December 1 | AA+ (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 89.4140 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
MUMBAI, Nov 28 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS plans to raise 10 billion rupees ($111.84 million) through a sale of bonds maturing in three years, three bankers said on Friday.
The company will pay an annual coupon of 7.36% and has invited commitment on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on November 28:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 3 years | 7.36 | 5+5 | December 1 | AA+ (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 89.4140 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sonia Cheema)
MUMBAI, Nov 25 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS has accepted bids worth 5 billion rupees ($56.06 million) for subordinated bonds maturing in seven years, three bankers said on Tuesday.
The company will pay a coupon of 8.40%, and had invited commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on November 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 7 years | 8.40 | 5 | November 24 | AA+ (Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 89.1950 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Nov 25 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS has accepted bids worth 5 billion rupees ($56.06 million) for subordinated bonds maturing in seven years, three bankers said on Tuesday.
The company will pay a coupon of 8.40%, and had invited commitment bids for the issue on Monday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on November 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 7 years | 8.40 | 5 | November 24 | AA+ (Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 89.1950 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, Oct 13 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS accepted bids worth 4 billion rupees ($45.06 million) for the sale of bonds maturing in five years, three bankers said on Monday.
It will pay a coupon of 7.58%, and had invited coupon and commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on October 13:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance | 5 years | 7.58 | 4 | October 13 | AA+ (Icra, India Ratings) |
SMFG India Home Finance | 3 years | 7.30 (yield) | 6 | October 13 | Care AAA |
*Size includes base plus greenshoe for some issues
($1 = 88.7680 Indian rupees)
(Reporting by Dharamraj Dhutia, Khushi Malhotra)
MUMBAI, Oct 13 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS accepted bids worth 4 billion rupees ($45.06 million) for the sale of bonds maturing in five years, three bankers said on Monday.
It will pay a coupon of 7.58%, and had invited coupon and commitment bids for the issue earlier in the day, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on October 13:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance | 5 years | 7.58 | 4 | October 13 | AA+ (Icra, India Ratings) |
SMFG India Home Finance | 3 years | 7.30 (yield) | 6 | October 13 | Care AAA |
*Size includes base plus greenshoe for some issues
($1 = 88.7680 Indian rupees)
(Reporting by Dharamraj Dhutia, Khushi Malhotra)
MUMBAI, June 6 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS has accepted bids worth 17.5 billion rupees ($203.9 million) for the reissue of 7.38% May 2027 bonds, three merchant bankers said on Friday.
The company will offer a yield of 7.4271% on this issue and invited bids from bankers and investors on Thursday, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 2 years | 7.4271% (yield) | 17.50 | June 5 | AA+ (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.8270 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair)
MUMBAI, June 6 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS has accepted bids worth 17.5 billion rupees ($203.9 million) for the reissue of 7.38% May 2027 bonds, three merchant bankers said on Friday.
The company will offer a yield of 7.4271% on this issue and invited bids from bankers and investors on Thursday, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 6:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 2 years | 7.4271% (yield) | 17.50 | June 5 | AA+ (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.8270 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair)
MUMBAI, June 4 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS plans to raise 17.5 billion rupees ($203.8 million), which includes a greenshoe option of 5 billion rupees, through reissue of 7.38% May 2027 bonds, three merchant bankers said on Wednesday.
The company has invited bids from bankers and investors on Thursday, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 4:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 2 years | To be decided | 12.50+5 | June 5 | AA+ (Icra, India Ratings) |
Vedanta | 30 months | 9.31 | 24 | June 4 | AA-(Crisil) |
Vedanta | 3 years | 9.45 | 17.50 | June 4 | AA-(Crisil) |
Vedanta | 2 years | linked to OIS | 8.50 | June 4 | AA-(Crisil) |
Jubilant Bevco | 3 years | 9.15 (yield) | 30 | June 4 | AA (Crisil) |
Jubilant Beverages | 3 years | 9.00 (yield) | 26.50 | June 4 | AA (Crisil) |
Bajaj Housing May 2028 reissue | 3 years | 7.01 (yield) | 5 | June 4 | AAA (Crisil) |
HUDCO | 3 years | 6.52 | 7.50 | June 4 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.8690 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, June 4 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS plans to raise 17.5 billion rupees ($203.8 million), which includes a greenshoe option of 5 billion rupees, through reissue of 7.38% May 2027 bonds, three merchant bankers said on Wednesday.
The company has invited bids from bankers and investors on Thursday, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 4:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 2 years | To be decided | 12.50+5 | June 5 | AA+ (Icra, India Ratings) |
Vedanta | 30 months | 9.31 | 24 | June 4 | AA-(Crisil) |
Vedanta | 3 years | 9.45 | 17.50 | June 4 | AA-(Crisil) |
Vedanta | 2 years | linked to OIS | 8.50 | June 4 | AA-(Crisil) |
Jubilant Bevco | 3 years | 9.15 (yield) | 30 | June 4 | AA (Crisil) |
Jubilant Beverages | 3 years | 9.00 (yield) | 26.50 | June 4 | AA (Crisil) |
Bajaj Housing May 2028 reissue | 3 years | 7.01 (yield) | 5 | June 4 | AAA (Crisil) |
HUDCO | 3 years | 6.52 | 7.50 | June 4 | AAA (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.8690 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, June 2 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS has accepted bids worth 5.02 billion rupees ($58.84 million) for subordinated bonds maturing in seven years, three merchant bankers said on Monday.
The company will pay an annual coupon of 8.57% on this issue, and had invited bids from bankers and investors earlier in the day, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 2
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 7 years | 8.57 | 5.02 | June 2 | AA+ (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.3110 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)
MUMBAI, June 2 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS has accepted bids worth 5.02 billion rupees ($58.84 million) for subordinated bonds maturing in seven years, three merchant bankers said on Monday.
The company will pay an annual coupon of 8.57% on this issue, and had invited bids from bankers and investors earlier in the day, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on June 2
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 7 years | 8.57 | 5.02 | June 2 | AA+ (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.3110 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)
MUMBAI, May 28 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS has accepted bids worth 20 billion rupees ($233.5 million) for bonds maturing in two years, three merchant bankers said on Wednesday.
The company will pay an annual coupon of 7.38% on this issue and had invited bids from bankers and investors on Tuesday, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on May 28:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 2 years | 7.38 | 20 | May 27 | AA+ (Icra, India Ratings) |
Bajaj Finance June 2027 reissue | 2 year and 1 month | To be decided | 5+25 | May 28 | AAA (Crisil) |
Tata Capital Feb 2028 reissue | 2 year and 8 months | To be decided | 1+3.50 | May 28 | AAA (Icra, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.6720 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, May 28 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS has accepted bids worth 20 billion rupees ($233.5 million) for bonds maturing in two years, three merchant bankers said on Wednesday.
The company will pay an annual coupon of 7.38% on this issue and had invited bids from bankers and investors on Tuesday, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on May 28:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 2 years | 7.38 | 20 | May 27 | AA+ (Icra, India Ratings) |
Bajaj Finance June 2027 reissue | 2 year and 1 month | To be decided | 5+25 | May 28 | AAA (Crisil) |
Tata Capital Feb 2028 reissue | 2 year and 8 months | To be decided | 1+3.50 | May 28 | AAA (Icra, Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.6720 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)
MUMBAI, May 26 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS plans to raise 20 billion rupees ($235.1 million), including a greenshoe option of 15 billion rupees, by selling bonds maturing in two years, three merchant bankers said on Monday.
The company will pay an annual coupon of 7.38% on this issue and has invited bids from bankers and investors on Tuesday, they said.
Here is the list of deals reported so far on May 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 2 years | 7.38 | 5+15 | May 27 | AA+ (Icra, India Ratings) |
Poonawalla Fincorp | 2 years | 7.60 | 11.25+3.75 | May 27 | AAA (Crisil) |
Poonawalla Fincorp | 3 year and 1 month | 7.65 (yield) | 5+5 | May 27 | AAA (Crisil) |
Jio Credit | 3 years | To be decided | 10+5 | May 27 | AAA (Crisil, Care) |
IRFC | 3 years | To be decided | 5+25 | May 28 | AAA (Crisil, Care, Icra) |
IRFC | 5 years | To be decided | 5+25 | May 28 | AAA (Crisil, Care, Icra) |
NABARD Sept 2028 reissue | 3 years and 4 months | To be decided | 20+50 | May 28 | AAA (Crisil, India rating) |
L&T Finance | 2 year and 1 month | 7.2092 | 7.50 | May 26 | AAA (India Ratings, Icra) |
L&T Finance June 2028 reissue | 3 year and 1 month | 7.2509 (yield) | 7.50 | May 26 | AAA (India Ratings, Icra) |
Aditya Birla Capital | 2 years and 9 months | 7.38 | 7.20 | May 23 | AAA(Crisil) |
Aditya Birla Capital | 4 years and 6 months | 7.47 | 3.75 | May 23 | AAA(Crisil) |
Aditya Birla Capital Feb 2030 reissue | 4 years and 9 months | 7.52 (yield) | 6.80 | May 23 | AAA(Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.0880 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza
Editing by)
MUMBAI, May 26 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS plans to raise 20 billion rupees ($235.1 million), including a greenshoe option of 15 billion rupees, by selling bonds maturing in two years, three merchant bankers said on Monday.
The company will pay an annual coupon of 7.38% on this issue and has invited bids from bankers and investors on Tuesday, they said.
Here is the list of deals reported so far on May 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 2 years | 7.38 | 5+15 | May 27 | AA+ (Icra, India Ratings) |
Poonawalla Fincorp | 2 years | 7.60 | 11.25+3.75 | May 27 | AAA (Crisil) |
Poonawalla Fincorp | 3 year and 1 month | 7.65 (yield) | 5+5 | May 27 | AAA (Crisil) |
Jio Credit | 3 years | To be decided | 10+5 | May 27 | AAA (Crisil, Care) |
IRFC | 3 years | To be decided | 5+25 | May 28 | AAA (Crisil, Care, Icra) |
IRFC | 5 years | To be decided | 5+25 | May 28 | AAA (Crisil, Care, Icra) |
NABARD Sept 2028 reissue | 3 years and 4 months | To be decided | 20+50 | May 28 | AAA (Crisil, India rating) |
L&T Finance | 2 year and 1 month | 7.2092 | 7.50 | May 26 | AAA (India Ratings, Icra) |
L&T Finance June 2028 reissue | 3 year and 1 month | 7.2509 (yield) | 7.50 | May 26 | AAA (India Ratings, Icra) |
Aditya Birla Capital | 2 years and 9 months | 7.38 | 7.20 | May 23 | AAA(Crisil) |
Aditya Birla Capital | 4 years and 6 months | 7.47 | 3.75 | May 23 | AAA(Crisil) |
Aditya Birla Capital Feb 2030 reissue | 4 years and 9 months | 7.52 (yield) | 6.80 | May 23 | AAA(Crisil) |
*Size includes base plus greenshoe for some issues
($1 = 85.0880 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza
Editing by)
MUMBAI, April 9 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS has accepted bids worth 5 billion rupees ($57.9 million) for subordinated bonds maturing in seven years, three merchant bankers said on Wednesday.
The company will pay an annual coupon of 8.75% on this issue and had invited bids from bankers and investors on Tuesday, they said.
Here is the list of deals reported so far on April 9:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 7 years | 8.75 | 5 | April 8 | AA+ (Icra, India Ratings) |
L&T Finance | 3 years and 2 months | 7.5934 | 1+4 | April 11 | AAA (India Ratings, Icra) |
L&T Finance | 5 years | To be decided | 1+4 | April 11 | AAA (Care, IcRA) |
*Size includes base plus greenshoe for some issues
($1 = 86.3760 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza
Editing by)
MUMBAI, April 9 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS has accepted bids worth 5 billion rupees ($57.9 million) for subordinated bonds maturing in seven years, three merchant bankers said on Wednesday.
The company will pay an annual coupon of 8.75% on this issue and had invited bids from bankers and investors on Tuesday, they said.
Here is the list of deals reported so far on April 9:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 7 years | 8.75 | 5 | April 8 | AA+ (Icra, India Ratings) |
L&T Finance | 3 years and 2 months | 7.5934 | 1+4 | April 11 | AAA (India Ratings, Icra) |
L&T Finance | 5 years | To be decided | 1+4 | April 11 | AAA (Care, IcRA) |
*Size includes base plus greenshoe for some issues
($1 = 86.3760 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Savio D'Souza
Editing by)
MUMBAI, April 7 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS plans to raise 10 billion rupees ($116.56 million), including a greenshoe option of 5 billion rupees, selling subordinated bonds maturing in seven years, three merchant bankers said on Monday.
The company will pay an annual coupon of 8.75% on this issue and has invited bids from bankers and investors on Tuesday, they said.
The company did not immediately reply to a Reuters request for comment.
Here is the list of deals reported so far on April 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 7 years | 8.75 | 5+5 | April 8 | AA+ (Icra, India Ratings) |
REC | 15 years | To be decided | 5+25 | April 8 | AAA (Crisil, Icra, Care) |
* Size includes base plus greenshoe for some issues
($1 = 85.7920 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
MUMBAI, April 7 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS plans to raise 10 billion rupees ($116.56 million), including a greenshoe option of 5 billion rupees, selling subordinated bonds maturing in seven years, three merchant bankers said on Monday.
The company will pay an annual coupon of 8.75% on this issue and has invited bids from bankers and investors on Tuesday, they said.
The company did not immediately reply to a Reuters request for comment.
Here is the list of deals reported so far on April 7:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 7 years | 8.75 | 5+5 | April 8 | AA+ (Icra, India Ratings) |
REC | 15 years | To be decided | 5+25 | April 8 | AAA (Crisil, Icra, Care) |
* Size includes base plus greenshoe for some issues
($1 = 85.7920 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
MUMBAI, March 26 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS has accepted bids worth 11.75 billion rupees ($137.2 million) for bonds maturing in two years, three merchant bankers said on Wednesday.
The company will pay an annual coupon of 8.19% on this issue and had invited bids from bankers and investors on Tuesday, they said.
The company did not immediately reply to a Reuters request for comment.
Here is the list of deals reported so far on March 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 2 years | 8.19 | 11.75 | March 25 | AA+ (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.6640 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, March 26 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS has accepted bids worth 11.75 billion rupees ($137.2 million) for bonds maturing in two years, three merchant bankers said on Wednesday.
The company will pay an annual coupon of 8.19% on this issue and had invited bids from bankers and investors on Tuesday, they said.
The company did not immediately reply to a Reuters request for comment.
Here is the list of deals reported so far on March 26:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 2 years | 8.19 | 11.75 | March 25 | AA+ (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.6640 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, March 25 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS plans to raise 12 billion rupees ($140.22 million), including a greenshoe option of two billion rupees, selling bonds maturing in two years, three merchant bankers said on Tuesday.
The company has invited bids from bankers and investors for the issue later in the day, they said.
Here is the list of deals reported so far on March 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | Two years | To be decided | 10+2 | March 25 | AA+ (Icra, India Ratings) |
* Size includes base plus greenshoe for some issues
($1 = 85.5790 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
MUMBAI, March 25 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS plans to raise 12 billion rupees ($140.22 million), including a greenshoe option of two billion rupees, selling bonds maturing in two years, three merchant bankers said on Tuesday.
The company has invited bids from bankers and investors for the issue later in the day, they said.
Here is the list of deals reported so far on March 25:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | Two years | To be decided | 10+2 | March 25 | AA+ (Icra, India Ratings) |
* Size includes base plus greenshoe for some issues
($1 = 85.5790 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
March 24 (Reuters) - Cholamandalam Investment and Finance Company Ltd CHLA.NS:
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY - APPROVED APPOINTMENT OF VELLAYAN SUBBIAH AS EXECUTIVE CHAIRMAN OF CO
Source text: [ID:]
Further company coverage: CHLA.NS
(([email protected];;))
March 24 (Reuters) - Cholamandalam Investment and Finance Company Ltd CHLA.NS:
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY - APPROVED APPOINTMENT OF VELLAYAN SUBBIAH AS EXECUTIVE CHAIRMAN OF CO
Source text: [ID:]
Further company coverage: CHLA.NS
(([email protected];;))
March 10 (Reuters) - Infosys Ltd INFY.NS:
INFOSYS FINACLE MODERNIZES CHOLA’S OPERATIONS
Further company coverage: INFY.NS
(([email protected];;))
March 10 (Reuters) - Infosys Ltd INFY.NS:
INFOSYS FINACLE MODERNIZES CHOLA’S OPERATIONS
Further company coverage: INFY.NS
(([email protected];;))
MUMBAI, March 5 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS has accepted bids worth 10 billion rupees ($114.80 million) for subordinated bonds maturing in seven years, three merchant bankers said on Wednesday.
It will pay an annual coupon of 9.05% on this issue and had invited bids from bankers and investors earlier in the day, they said.
A company official confirmed the details of the bond issue via an email.
Here is the list of deals reported so far on March 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 7 years | 9.05 | 10 | March 5 | AA+ (Icra, India Ratings) |
Aditya Birla Finance | 3 year and 5 months | 7.9413 | 2.50 + 12.50 | March 6 | AAA (Crisil, Icra) |
Tata Capital Jan 2027 reissue | 1 year and 10 months | To be decided | 1.50 + 6 | March 6 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 87.1080 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, March 5 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS has accepted bids worth 10 billion rupees ($114.80 million) for subordinated bonds maturing in seven years, three merchant bankers said on Wednesday.
It will pay an annual coupon of 9.05% on this issue and had invited bids from bankers and investors earlier in the day, they said.
A company official confirmed the details of the bond issue via an email.
Here is the list of deals reported so far on March 5:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 7 years | 9.05 | 10 | March 5 | AA+ (Icra, India Ratings) |
Aditya Birla Finance | 3 year and 5 months | 7.9413 | 2.50 + 12.50 | March 6 | AAA (Crisil, Icra) |
Tata Capital Jan 2027 reissue | 1 year and 10 months | To be decided | 1.50 + 6 | March 6 | AAA (Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 87.1080 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Eileen Soreng)
MUMBAI, March 4 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS plans to raise 15 billion rupees ($171.75 million), including a greenshoe option of 5 billion rupees, selling subordinated bonds maturing in seven years, three merchant bankers said on Tuesday.
It will pay an annual coupon of 9.05% on this issue and has invited bids from bankers and investors on Wednesday, 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 4:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 7 years | 9.05 | 10+5 | March 5 | AA+ (Icra, India Ratings) |
AnZen India Energy Yield Plus Trust | 3 years | 7.77 (quarterly) | 7 | March 5 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 87.3340 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala
)
MUMBAI, March 4 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS plans to raise 15 billion rupees ($171.75 million), including a greenshoe option of 5 billion rupees, selling subordinated bonds maturing in seven years, three merchant bankers said on Tuesday.
It will pay an annual coupon of 9.05% on this issue and has invited bids from bankers and investors on Wednesday, 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 4:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 7 years | 9.05 | 10+5 | March 5 | AA+ (Icra, India Ratings) |
AnZen India Energy Yield Plus Trust | 3 years | 7.77 (quarterly) | 7 | March 5 | AAA (Crisil, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 87.3340 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala
)
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Popular questions
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What does Chola Invest & Fin. do?
Cholamandalam Investment and Finance Company is registered with Reserve Bank of India as an NBFC- Investment and Credit Company and is classified as an NBFC in Upper Layer (NBFC-UL) under the Scale Based Regulatory Framework for NBFCs. The Company is one of the premier diversified non-banking finance companies in India, engaged in providing Vehicle Finance, Home Loans, Loan against Property, SME loans and Unsecured Loans. The Company is primarily engaged in the business of financing. All the activities of the Company revolve around the main business. Further, the Company does not have any separate geographic segments other than India.
Who are the competitors of Chola Invest & Fin.?
Chola Invest & Fin. major competitors are JIO Financial Serv., Power Finance Corpn., Muthoot Finance, Indian Railway Fin., REC, L&T Finance, Shriram Finance. Market Cap of Chola Invest & Fin. is ₹1,50,878 Crs. While the median market cap of its peers are ₹1,23,811 Crs.
Is Chola Invest & Fin. financially stable compared to its competitors?
Chola Invest & Fin. seems to be less financially stable compared to its competitors. Altman Z score of Chola Invest & Fin. is 0.68 and is ranked 4 out of its 8 competitors.
Does Chola Invest & Fin. pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Chola Invest & Fin. latest dividend payout ratio is 3.26% and 3yr average dividend payout ratio is 4.04%
How strong is Chola Invest & Fin. balance sheet?
Latest balance sheet of Chola Invest & Fin. is strong. Strength was visible historically as well.
Is the profitablity of Chola Invest & Fin. improving?
Yes, profit is increasing. The profit of Chola Invest & Fin. is ₹5,233 Crs for Mar 2026, ₹4,263 Crs for Mar 2025 and ₹3,420 Crs for Mar 2024
Is Chola Invest & Fin. stock expensive?
Chola Invest & Fin. is not expensive. Latest PE of Chola Invest & Fin. is 28.83 while 3 year average PE is 29.8. Also latest Price to Book of Chola Invest & Fin. is 4.95 while 3yr average is 5.45.
Has the share price of Chola Invest & Fin. grown faster than its competition?
Chola Invest & Fin. has given better returns compared to its competitors. Chola Invest & Fin. has grown at ~12.28% over the last 2yrs while peers have grown at a median rate of -8.0%
Is the promoter bullish about Chola Invest & Fin.?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Chola Invest & Fin. is 49.25% and last quarter promoter holding is 49.72%
Are mutual funds buying/selling Chola Invest & Fin.?
The mutual fund holding of Chola Invest & Fin. is increasing. The current mutual fund holding in Chola Invest & Fin. is 14.98% while previous quarter holding is 12.84%.