Cholamandalam 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 22 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS plans to raise up to 50 billion rupees ($519.75 million) through floating-rate bonds maturing in two years and nine months, marking its largest-ever private debt issuance, three bankers said on Friday.
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, they said, adding that the company had invited commitment bids for the issue on Monday.
The company confirmed the details on email.
Here is the list of deals reported so far on May 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance Company | 2 years and 9 months | 8.12 + 275 bps spread | 50 | May 25 | AA+(Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 96.2000 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Subhranshu Sahu)
MUMBAI, May 22 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS plans to raise up to 50 billion rupees ($519.75 million) through floating-rate bonds maturing in two years and nine months, marking its largest-ever private debt issuance, three bankers said on Friday.
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, they said, adding that the company had invited commitment bids for the issue on Monday.
The company confirmed the details on email.
Here is the list of deals reported so far on May 22:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance Company | 2 years and 9 months | 8.12 + 275 bps spread | 50 | May 25 | AA+(Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 96.2000 Indian rupees)
(Reporting by Khushi Malhotra; Editing by Subhranshu Sahu)
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)
May 8 (Reuters) - Cholamandalam Financial Holdings Ltd CHOL.NS:
CHOLAMANDALAM FINANCIAL HOLDINGS LTD MARCH-QUARTER CONSOL NET PROFIT 6.87 BILLION RUPEES
CHOLAMANDALAM FINANCIAL HOLDINGS MARCH-QUARTER CONSOL INTEREST INCOME 79.21 BILLION RUPEES
CHOLAMANDALAM FINANCIAL HOLDINGS LTD - NAMES SHYAM SHANKAR AS CFO
Source text: [ID:]
Further company coverage: CHOL.NS
(([email protected];))
May 8 (Reuters) - Cholamandalam Financial Holdings Ltd CHOL.NS:
CHOLAMANDALAM FINANCIAL HOLDINGS LTD MARCH-QUARTER CONSOL NET PROFIT 6.87 BILLION RUPEES
CHOLAMANDALAM FINANCIAL HOLDINGS MARCH-QUARTER CONSOL INTEREST INCOME 79.21 BILLION RUPEES
CHOLAMANDALAM FINANCIAL HOLDINGS LTD - NAMES SHYAM SHANKAR AS CFO
Source text: [ID:]
Further company coverage: CHOL.NS
(([email protected];))
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)
** Shares of India's Cholamandalam Investment and Finance CHLA.NS up 5.32% to 1,645.8 rupees
** CHLA posted a quarterly profit of 16.45 billion rupees ($173.26 million) up 30.6% y/y
** JP Morgan("neutral"; TP:1,563 rupees)says Q4 results were supported by strong core operating performance; flags near-term risks from potential rise in slippages due to lower utilisation levels and challenging macro backdrop
** Jefferies("buy"; TP:1,552.4 rupees)says Q4 profit aided by higher net interest income and fee income despite elevated costs
** Highlights improving asset quality and strong loan growth
** YTD, stock down 8.18%
($1 = 94.9450 Indian rupees)
(Reporting by Devika Nair in Bengaluru)
(([email protected];))
** Shares of India's Cholamandalam Investment and Finance CHLA.NS up 5.32% to 1,645.8 rupees
** CHLA posted a quarterly profit of 16.45 billion rupees ($173.26 million) up 30.6% y/y
** JP Morgan("neutral"; TP:1,563 rupees)says Q4 results were supported by strong core operating performance; flags near-term risks from potential rise in slippages due to lower utilisation levels and challenging macro backdrop
** Jefferies("buy"; TP:1,552.4 rupees)says Q4 profit aided by higher net interest income and fee income despite elevated costs
** Highlights improving asset quality and strong loan growth
** YTD, stock down 8.18%
($1 = 94.9450 Indian rupees)
(Reporting by Devika Nair in Bengaluru)
(([email protected];))
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)
** CLSA upgrades Cholamandalam Investment and Finance CHLA.NS to "Outperform" from "Hold" with PT at 1,725 rupees
** Brokerage says with CV upcycle starting and asset quality pain in the unsecured lending business retreating, it expects an 18%-20% assets under management CAGR over next two years
** Does not expect asset growth to fall below 15% even in bear case scenario with disruptions due to Middle East conflict
** Notes higher fuel prices could impact freight operators' cash flows and lead to some pressure on credit costs, but co's historical asset quality performance provides comfort
** Shares 3.1% lower at 1,429 rupees, down 16.3% YTD
(Reporting by Mridula Kumar in Bengaluru)
(([email protected];))
** CLSA upgrades Cholamandalam Investment and Finance CHLA.NS to "Outperform" from "Hold" with PT at 1,725 rupees
** Brokerage says with CV upcycle starting and asset quality pain in the unsecured lending business retreating, it expects an 18%-20% assets under management CAGR over next two years
** Does not expect asset growth to fall below 15% even in bear case scenario with disruptions due to Middle East conflict
** Notes higher fuel prices could impact freight operators' cash flows and lead to some pressure on credit costs, but co's historical asset quality performance provides comfort
** Shares 3.1% lower at 1,429 rupees, down 16.3% YTD
(Reporting by Mridula Kumar in Bengaluru)
(([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)
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)
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 23 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS plans to raise up to 20 billion rupees ($218.4 million), including a greenshoe option of 10 billion rupees, through a sale of bonds maturing in two years and five months, three bankers said on Friday.
It will pay a coupon of 7.83% annually, and has invited commitment bids for the issue on Tuesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on January 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance Company | 2 years and 5 months | 7.83 | 10+10 | January 27 | AA+ (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 91.5950 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, Jan 23 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS plans to raise up to 20 billion rupees ($218.4 million), including a greenshoe option of 10 billion rupees, through a sale of bonds maturing in two years and five months, three bankers said on Friday.
It will pay a coupon of 7.83% annually, and has invited commitment bids for the issue on Tuesday, they said.
The company did not immediately respond to a Reuters email seeking comment.
Here is the list of deals reported so far on January 23:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment and Finance Company | 2 years and 5 months | 7.83 | 10+10 | January 27 | AA+ (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 91.5950 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, Jan 14 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS plans to raise 10 billion rupees ($110.94 million), including a greenshoe option of 6 billion rupees, through the sale of bonds maturing in about five years, three bankers said on Wednesday.
The company will pay an annual coupon of 7.73% and has invited commitment bids on Friday, they said.
The company did not immediately 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 |
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
($1 = 90.1363 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)
MUMBAI, Jan 14 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS plans to raise 10 billion rupees ($110.94 million), including a greenshoe option of 6 billion rupees, through the sale of bonds maturing in about five years, three bankers said on Wednesday.
The company will pay an annual coupon of 7.73% and has invited commitment bids on Friday, they said.
The company did not immediately 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 |
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
($1 = 90.1363 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)
MUMBAI, Nov 24 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS plans to raise 10 billion rupees ($112.13 million), which includes 5 billion rupees of a greenshoe option through sale of subordinated bonds maturing in seven years, three bankers said on Monday.
It will pay a coupon of 8.40%, 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 November 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 7 years | 8.40 | 5+5 | November 24 | AA+ (Icra, Care) |
Anzen India Energy Yield Plus Trust | 11 years | To be decided | 7.75 | November 24 | AAA (Crisil, India Ratings) |
ICICI Securities | 3 years | 7.45 | 5 | November 21 | AAA (Crisil, Icra) |
* Size includes base plus greenshoe for some issues
($1 = 89.1800 Indian rupees)
(Reporting by Dharamraj Dhutia)
MUMBAI, Nov 24 (Reuters) - India's Cholamandalam Investment and Finance Company CHLA.NS plans to raise 10 billion rupees ($112.13 million), which includes 5 billion rupees of a greenshoe option through sale of subordinated bonds maturing in seven years, three bankers said on Monday.
It will pay a coupon of 8.40%, 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 November 24:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 7 years | 8.40 | 5+5 | November 24 | AA+ (Icra, Care) |
Anzen India Energy Yield Plus Trust | 11 years | To be decided | 7.75 | November 24 | AAA (Crisil, India Ratings) |
ICICI Securities | 3 years | 7.45 | 5 | November 21 | AAA (Crisil, Icra) |
* Size includes base plus greenshoe for some issues
($1 = 89.1800 Indian rupees)
(Reporting by Dharamraj Dhutia)
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, May 30 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS plans to raise 10 billion rupees ($117 million), including five billion rupees of a greenshoe option, through sale of subordinated bonds maturing in seven years, three merchant bankers said on Friday.
The company will pay an annual coupon of 8.57% on this issue and has invited bids from bankers and investors on Monday, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on May 30:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 7-year | 8.57 | 5+5 | June 2 | AA+ (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.4600 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
MUMBAI, May 30 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS plans to raise 10 billion rupees ($117 million), including five billion rupees of a greenshoe option, through sale of subordinated bonds maturing in seven years, three merchant bankers said on Friday.
The company will pay an annual coupon of 8.57% on this issue and has invited bids from bankers and investors on Monday, they said.
The company did not reply to a Reuters email seeking comment.
Here is the list of deals reported so far on May 30:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 7-year | 8.57 | 5+5 | June 2 | AA+ (Icra, India Ratings) |
*Size includes base plus greenshoe for some issues
($1 = 85.4600 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)
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)
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
)
Corrects to Thursday from Wednesday in first paragraph
Feb 27 (Reuters) - Shares of most Indian financial companies, especially those of non-bank and microfinance-focussed lenders, jumped on Thursday after the central bank further eased its capital requirements for micro loans and bank credit.
Financial stocks .NIFTYFIN, which include non-bank finance companies (NBFCs), jumped about 1%, outpacing the 0.7% increase in banking stocks .NSEBANK. The benchmark Nifty 50 .NSEI, in comparison, was flat.
The Reserve Bank of India, on Tuesday, trimmed the higher capital requirements introduced in November, the latest in a series of growth-supportive measures since Sanjay Malhotra took over as governor in December.
Under his watch, the RBI has eased liquidity, delayed some regulations and loosened restrictions placed on some lenders.
"We think this bodes well for the financial sector and lays more emphasis on consumption and growth ... and (we) reiterate our bullish view," Macquarie analyst Suresh Ganapathy said in a note.
On the day, Bandhan Bank BANH.NS gained 6%, while Shriram Finance SHMF.NS, AU Small Finance Bank AUFI.NS and Ujjivan Small Finance Bank UJJI.NS rose about 5% each.
Cholamandalam Investment and Finance CHLA.NS and Aditya Birla Capital ADTB.NS advanced 4.5% each. Bajaj Finance BJFN.NS rose 2.7% and IndusInd Bank INBK.NS gained 2%.
In comparison, top private lenders such as ICICI Bank ICBK.NS and HDFC Bank HDBK.NS were up under 1%.
The RBI's move should help most NBFCs' earnings, Morgan Stanley analysts said, picking Aditya Birla Capital, PNB Housing, Shriram Finance and Bajaj Finance as top beneficiaries.
Nomura analysts said banks with higher microfinance loan exposure, such as Bandhan Bank, IndusInd and AU Small Finance Bank, would also get much needed relief.
Since the rules were implemented in November, Aditya Birla Capital's shares had slid 16%, while AU Small Finance Bank and IndusInd Bank sank 28% and 31%, respectively. The worst hit, with a 38% tumble, was Bandhan Bank -- the day's top gainer.
However, Axis Bank Chief Economist Neelkanth Mishra cautioned that a reversal in the broad-based slide in loan growth -- caused by high liquidity costs and the RBI's discomfort with high loan-to-deposit ratios -- could take time.
"While these (RBI) signals should help revive lending, we believe the binding constraint remains durable liquidity."
(Reporting by Sethuraman NR; Editing by Savio D'Souza)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
Corrects to Thursday from Wednesday in first paragraph
Feb 27 (Reuters) - Shares of most Indian financial companies, especially those of non-bank and microfinance-focussed lenders, jumped on Thursday after the central bank further eased its capital requirements for micro loans and bank credit.
Financial stocks .NIFTYFIN, which include non-bank finance companies (NBFCs), jumped about 1%, outpacing the 0.7% increase in banking stocks .NSEBANK. The benchmark Nifty 50 .NSEI, in comparison, was flat.
The Reserve Bank of India, on Tuesday, trimmed the higher capital requirements introduced in November, the latest in a series of growth-supportive measures since Sanjay Malhotra took over as governor in December.
Under his watch, the RBI has eased liquidity, delayed some regulations and loosened restrictions placed on some lenders.
"We think this bodes well for the financial sector and lays more emphasis on consumption and growth ... and (we) reiterate our bullish view," Macquarie analyst Suresh Ganapathy said in a note.
On the day, Bandhan Bank BANH.NS gained 6%, while Shriram Finance SHMF.NS, AU Small Finance Bank AUFI.NS and Ujjivan Small Finance Bank UJJI.NS rose about 5% each.
Cholamandalam Investment and Finance CHLA.NS and Aditya Birla Capital ADTB.NS advanced 4.5% each. Bajaj Finance BJFN.NS rose 2.7% and IndusInd Bank INBK.NS gained 2%.
In comparison, top private lenders such as ICICI Bank ICBK.NS and HDFC Bank HDBK.NS were up under 1%.
The RBI's move should help most NBFCs' earnings, Morgan Stanley analysts said, picking Aditya Birla Capital, PNB Housing, Shriram Finance and Bajaj Finance as top beneficiaries.
Nomura analysts said banks with higher microfinance loan exposure, such as Bandhan Bank, IndusInd and AU Small Finance Bank, would also get much needed relief.
Since the rules were implemented in November, Aditya Birla Capital's shares had slid 16%, while AU Small Finance Bank and IndusInd Bank sank 28% and 31%, respectively. The worst hit, with a 38% tumble, was Bandhan Bank -- the day's top gainer.
However, Axis Bank Chief Economist Neelkanth Mishra cautioned that a reversal in the broad-based slide in loan growth -- caused by high liquidity costs and the RBI's discomfort with high loan-to-deposit ratios -- could take time.
"While these (RBI) signals should help revive lending, we believe the binding constraint remains durable liquidity."
(Reporting by Sethuraman NR; Editing by Savio D'Souza)
(([email protected]; (+91 9945291420); Reuters Messaging: [email protected]))
MUMBAI, Feb 14 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS has accepted bids worth 5 billion rupees ($57.55 million) for bonds maturing in three years, three merchant bankers said on Friday.
It will pay an annual coupon of 8.20% and had invited bids from bankers and investors for the issue 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 February 14:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 3 years | 8.20 | 5 | Feb. 14 | AA+ (Icra, India Ratings) |
THDC India | 10 years | 7.73 | 7 | Feb. 14 | AA (Care) |
HDB Financial April 2027 reissue | 2 years and 2 months | 7.90 (yield) | 5 | Feb. 14 | AAA (Crisil, Care) |
Narayana Hrudayalaya | 5 years | 8.40 | 5 | Feb. 14 | AA (Icra) |
Bamboo Hotel and Global Centre | Nearly 3 years | 10.81 | 8.08 | Feb. 13 | Provisional A+(CE)(Icra) |
PFC | 3 years and 2 months | To be decided | 7+33 | Feb. 17 | AAA (Crisil, Care, Icra) |
PFC | 6 years and 11 months | To be decided | 7+33 | Feb. 17 | AAA (Crisil, Care, Icra) |
* Size includes base plus greenshoe for some issues
($1 = 86.8825 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
MUMBAI, Feb 14 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS has accepted bids worth 5 billion rupees ($57.55 million) for bonds maturing in three years, three merchant bankers said on Friday.
It will pay an annual coupon of 8.20% and had invited bids from bankers and investors for the issue 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 February 14:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 3 years | 8.20 | 5 | Feb. 14 | AA+ (Icra, India Ratings) |
THDC India | 10 years | 7.73 | 7 | Feb. 14 | AA (Care) |
HDB Financial April 2027 reissue | 2 years and 2 months | 7.90 (yield) | 5 | Feb. 14 | AAA (Crisil, Care) |
Narayana Hrudayalaya | 5 years | 8.40 | 5 | Feb. 14 | AA (Icra) |
Bamboo Hotel and Global Centre | Nearly 3 years | 10.81 | 8.08 | Feb. 13 | Provisional A+(CE)(Icra) |
PFC | 3 years and 2 months | To be decided | 7+33 | Feb. 17 | AAA (Crisil, Care, Icra) |
PFC | 6 years and 11 months | To be decided | 7+33 | Feb. 17 | AAA (Crisil, Care, Icra) |
* Size includes base plus greenshoe for some issues
($1 = 86.8825 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
MUMBAI, Feb 13 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS plans to raise 10 billion rupees ($115.1 million), including a greenshoe option of 5 billion rupees, by selling bonds maturing in three years, three merchant bankers said on Thursday.
It will pay an annual coupon of 8.20% and has invited bids from bankers and investors for the issue on Friday, 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 13:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 3 years | 8.20 | 5+5 | Feb. 14 | AA+ (Icra, India Ratings) |
Narayana Hrudayalaya | 5 years | 8.40 | 5 | Feb. 14 | AA (Icra) |
HDFC Life Insurance | 10 years | 8.10 | 10 | Feb. 13 | AAA (Icra) |
Axis Max Life Insurance | 10 years | To be decided | 5 | To be decided | AA+ (Care) |
Bank of Maharashtra | 10 years | To be decided | 5+25 | Feb. 17 | AA+ (Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.8800 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
MUMBAI, Feb 13 (Reuters) - India's Cholamandalam Investment and Finance CHLA.NS plans to raise 10 billion rupees ($115.1 million), including a greenshoe option of 5 billion rupees, by selling bonds maturing in three years, three merchant bankers said on Thursday.
It will pay an annual coupon of 8.20% and has invited bids from bankers and investors for the issue on Friday, 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 13:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
Cholamandalam Investment | 3 years | 8.20 | 5+5 | Feb. 14 | AA+ (Icra, India Ratings) |
Narayana Hrudayalaya | 5 years | 8.40 | 5 | Feb. 14 | AA (Icra) |
HDFC Life Insurance | 10 years | 8.10 | 10 | Feb. 13 | AAA (Icra) |
Axis Max Life Insurance | 10 years | To be decided | 5 | To be decided | AA+ (Care) |
Bank of Maharashtra | 10 years | To be decided | 5+25 | Feb. 17 | AA+ (Icra, Care) |
*Size includes base plus greenshoe for some issues
($1 = 86.8800 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sumana Nandy)
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Popular questions
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What does Cholamandalam Fin. do?
Cholamandalam Financial Holdings Limited, a core investment company under the Murugappa Group, provides financial products and risk management services to individual and corporate customers.
Who are the competitors of Cholamandalam Fin.?
Cholamandalam Fin. major competitors are Manappuram Finance, CreditAccess Grameen, Capri Global Capital, Poonawalla Fincorp, IFCI, Mah & Mah Finl. Serv, Five Star Business. Market Cap of Cholamandalam Fin. is ₹31,400 Crs. While the median market cap of its peers are ₹24,950 Crs.
Is Cholamandalam Fin. financially stable compared to its competitors?
Cholamandalam Fin. seems to be less financially stable compared to its competitors. Altman Z score of Cholamandalam Fin. is 0.54 and is ranked 7 out of its 8 competitors.
Does Cholamandalam 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. Cholamandalam Fin. latest dividend payout ratio is 1.12% and 3yr average dividend payout ratio is 0.84%
How has Cholamandalam Fin. allocated its funds?
Companies resources are majorly tied in miscellaneous assets
How strong is Cholamandalam Fin. balance sheet?
Cholamandalam Fin. balance sheet is weak and might have solvency issues
Is the profitablity of Cholamandalam Fin. improving?
Yes, profit is increasing. The profit of Cholamandalam Fin. is ₹5,478 Crs for TTM, ₹2,174 Crs for Mar 2025 and ₹1,773 Crs for Mar 2024.
Is the debt of Cholamandalam Fin. increasing or decreasing?
The net debt of Cholamandalam Fin. is decreasing. Latest net debt of Cholamandalam Fin. is -₹14,975.78 Crs as of Mar-26. This is less than Mar-25 when it was ₹1,59,796 Crs.
Is Cholamandalam Fin. stock expensive?
Cholamandalam Fin. is not expensive. Latest PE of Cholamandalam Fin. is 12.86, while 3 year average PE is 13.56. Also latest EV/EBITDA of Cholamandalam Fin. is 0.76 while 3yr average is 2.97.
Has the share price of Cholamandalam Fin. grown faster than its competition?
Cholamandalam Fin. has given better returns compared to its competitors. Cholamandalam Fin. has grown at ~27.3% over the last 3yrs while peers have grown at a median rate of 7.61%
Is the promoter bullish about Cholamandalam Fin.?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Cholamandalam Fin. is 46.38% and last quarter promoter holding is 46.38%.
Are mutual funds buying/selling Cholamandalam Fin.?
The mutual fund holding of Cholamandalam Fin. is increasing. The current mutual fund holding in Cholamandalam Fin. is 23.62% while previous quarter holding is 21.06%.