Here’s a look at the key bond market deals on Monday.
NSE
Key highlights:
Sundaram Finance withdraws planned bond issue
TS Rajam Rubbers, A-/stable rated company to raise 5-year money at 14.75 percent coupon
Reliance Industries (RIL) to raise money at 3.4 percent
Tata Power to raise funds at 3.42 percent
Birla Group to raise money at 4.5 percent
Non-convertible Debentures:
Bharti Hexacom takes Rs 2000 crore at 5.9 percent, 2-year and 8-month bonds
Tata Capital Financial Services to raise:
a. Rs 25 crore at 6.5 percent, 5-year bonds
b. Rs 50 crore via re-issue of March’23 zero-coupon bonds at 5.84 percent IRR
c. Rs 100 crore via re-issue of Aug’24 T-bill linked coupon bonds
d. Rs 50 crore via re-issue of 5.85 percent October’24 bonds
TS Rajam Rubbers to raise Rs 800 crore at 14.75 percent, 5-year bonds
Sundaram Finance withdraws planned:
a. October’23 bond re-issue
b. Near 2-year bond issue
Commercial Papers:
Tata Capital Housing Finance to raise funds via 10-month CP at 4.10 percent coupon
Axis Finance to raise funds via two-month CP at 3.55 percent coupon
Birla Group Holdings to raise funds via two-month CP at 4.50 percent coupon
GIC Housing Finance to raise funds via near three-month CP at 3.52 percent coupon
Reliance Industries to raise funds via three-month CP at 3.40 percent coupon
Tata Power to raise funds via three-month CP at 3.42 percent coupon
Tata Power Solar Systems to raise funds via three-month CP at 3.58 percent coupon
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(Edited by : Priyanka Deshpande)