India New Issue-Summary of primary bond market deals reported on February 25

Reuters

Feb 25, 2025

India New Issue-Summary of primary bond market deals reported on February 25

MUMBAI, Feb 25 (Reuters) - A summary of primary bond market deals in India as of 6:00 p.m. IST (1230 GMT) on February 25. Please note that the list includes deals reported by Reuters, and is not exhaustive.

Here is the list of deals reported so far on February 25:

Issuer	Tenure	Coupon (in %)	Issue size (in bln rupees)*	Bidding date	Rating
REC	Perpetual	7.99	19.95	Feb. 25	AAA (Crisil, Icra, Care)
NHB	6 year and 10 months	7.35	48	Feb. 25	AAA (Care, India Ratings)
M&M Financial Services	10 years	8.30	5	Feb. 25	AAA (Crisil)
NIIF Infra Finance	8-12 year	To be decided	5+5	Feb. 27	AAA (Care, Icra)
TVS Credit Services	3 years	8.25	5+5	Feb. 28	AA+ (Care)
PFC	4-year, 10-month and 12 days	To be decided	7+33	Feb. 27	AAA (Crisil, Care, Icra)
PFC	9-year, 10-month and 12 days	To be decided	7+33	Feb. 27	AAA (Crisil, Care, Icra)

* Size includes base plus greenshoe for some issues

(Reporting by Dharamraj Dhutia)

((Dharamraj.dhutia@tr.com))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Please note that the list includes deals reported by Reuters, and is not exhaustive.</p><p>\n    Here is the list of deals reported so far on February 25: </p><table><tbody><tr><td><p>\n<span>Issuer</span>\n</p></td><td><p>\n<span>Tenure</span>\n</p></td><td><p>\n<span>Coupon (in %)</span>\n</p></td><td><p>\n<span>Issue size (in bln rupees)*</span>\n</p></td><td><p>\n<span>Bidding date</span>\n</p></td><td><p>\n<span>Rating</span>\n</p></td></tr><tr><td><p>\n<span>REC</span>\n</p></td><td><p>Perpetual </p></td><td><p>7.99</p></td><td><p>19.95</p></td><td><p>Feb. 25</p></td><td><p>AAA (Crisil, Icra, Care)</p></td></tr><tr><td><p>\n<span>NHB</span>\n</p></td><td><p>6 year and 10 months</p></td><td><p>7.35</p></td><td><p>48</p></td><td><p>Feb. 25</p></td><td><p>AAA (Care, India Ratings)</p></td></tr><tr><td><p>\n<span>M&amp;M Financial Services</span>\n</p></td><td><p>10 years</p></td><td><p>8.30</p></td><td><p>5</p></td><td><p>Feb. 25</p></td><td><p>AAA (Crisil)</p></td></tr><tr><td><p>\n<span>NIIF Infra Finance</span>\n</p></td><td><p>8-12 year</p></td><td><p>To be decided</p></td><td><p>5+5</p></td><td><p>Feb. 27</p></td><td><p>AAA (Care, Icra)</p></td></tr><tr><td><p>\n<span>TVS Credit Services</span>\n</p></td><td><p>3 years</p></td><td><p>8.25</p></td><td><p>5+5</p></td><td><p>Feb. 28</p></td><td><p>AA+ (Care)</p></td></tr><tr><td><p>\n<span>PFC</span>\n</p></td><td><p>4-year, 10-month and 12 days</p></td><td><p>To be decided</p></td><td><p>7+33</p></td><td><p>Feb. 27</p></td><td><p>AAA (Crisil, Care, Icra)</p></td></tr><tr><td><p>PFC</p></td><td><p>9-year, 10-month and 12 days</p></td><td><p>To be decided</p></td><td><p>7+33</p></td><td><p>Feb. 27</p></td><td><p>AAA (Crisil, Care, Icra)</p></td></tr></tbody></table><p>\n * Size includes base plus greenshoe for some issues</p><p> (Reporting by Dharamraj Dhutia)</p><p> ((Dharamraj.dhutia@tr.com))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nIndia New Issue-Summary of primary bond market deals reported on February 25\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-02-25 20:30</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>India New Issue-Summary of primary bond market deals reported on February 25</title></head><body><p>\n<span>MUMBAI, Feb 25 (Reuters)</span><span> - </span>A summary of primary bond market deals in India as of 6:00 p.m. IST (1230 GMT) on February 25. Please note that the list includes deals reported by Reuters, and is not exhaustive.</p><p>\n    Here is the list of deals reported so far on February 25: </p><table><tbody><tr><td><p>\n<span>Issuer</span>\n</p></td><td><p>\n<span>Tenure</span>\n</p></td><td><p>\n<span>Coupon (in %)</span>\n</p></td><td><p>\n<span>Issue size (in bln rupees)*</span>\n</p></td><td><p>\n<span>Bidding date</span>\n</p></td><td><p>\n<span>Rating</span>\n</p></td></tr><tr><td><p>\n<span>REC</span>\n</p></td><td><p>Perpetual </p></td><td><p>7.99</p></td><td><p>19.95</p></td><td><p>Feb. 25</p></td><td><p>AAA (Crisil, Icra, Care)</p></td></tr><tr><td><p>\n<span>NHB</span>\n</p></td><td><p>6 year and 10 months</p></td><td><p>7.35</p></td><td><p>48</p></td><td><p>Feb. 25</p></td><td><p>AAA (Care, India Ratings)</p></td></tr><tr><td><p>\n<span>M&amp;M Financial Services</span>\n</p></td><td><p>10 years</p></td><td><p>8.30</p></td><td><p>5</p></td><td><p>Feb. 25</p></td><td><p>AAA (Crisil)</p></td></tr><tr><td><p>\n<span>NIIF Infra Finance</span>\n</p></td><td><p>8-12 year</p></td><td><p>To be decided</p></td><td><p>5+5</p></td><td><p>Feb. 27</p></td><td><p>AAA (Care, Icra)</p></td></tr><tr><td><p>\n<span>TVS Credit Services</span>\n</p></td><td><p>3 years</p></td><td><p>8.25</p></td><td><p>5+5</p></td><td><p>Feb. 28</p></td><td><p>AA+ (Care)</p></td></tr><tr><td><p>\n<span>PFC</span>\n</p></td><td><p>4-year, 10-month and 12 days</p></td><td><p>To be decided</p></td><td><p>7+33</p></td><td><p>Feb. 27</p></td><td><p>AAA (Crisil, Care, Icra)</p></td></tr><tr><td><p>PFC</p></td><td><p>9-year, 10-month and 12 days</p></td><td><p>To be decided</p></td><td><p>7+33</p></td><td><p>Feb. 27</p></td><td><p>AAA (Crisil, Care, Icra)</p></td></tr></tbody></table><p>\n * Size includes base plus greenshoe for some issues</p><p> (Reporting by Dharamraj Dhutia)</p><p> ((Dharamraj.dhutia@tr.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2360107671.USD","symbol_name":"BGF FINTECH \"A4\" (USD) INC","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250225:nL3N3PG106:1","article_id":"2514909534","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2514909534","pubTimestamp":1740486600,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"MUMBAI, Feb 25  - A summary of primary bond market deals in India as of 6:00 p.m. IST  on February 25. Please note that the list includes deals reported by Reuters, and is not exhaustive.Here is the list of deals reported so far on February 25:. 4-year, 10-month and 12 daysTo be decided7+33Feb. 27AAA PFC9-year, 10-month and 12 daysTo be decided7+33Feb. 27AAA . * Size includes base plus greenshoe for some issues  ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2360107671.USD":"BGF FINTECH \"A4\" (USD) INC","LU0106831901.USD":"贝莱德世界金融基金A2","BK4585":"ETF&股票定投概念","LU1861220207.SGD":"Blackrock FinTech A2 SGD-H","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","DFS":"发现金融","BK4166":"消费信贷","BK4588":"碎股","LU1791807156.HKD":"BGF WORLD FINANCIALS \"A2\" (HKDHDG) ACC","LU1861217088.USD":"贝莱德金融科技A2"},"translate_title":"印度新股-2月25日报道的一级债券市场交易摘要","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DFS":0.9},"content_text":"India New Issue-Summary of primary bond market deals reported on February 25\nMUMBAI, Feb 25 (Reuters) - A summary of primary bond market deals in India as of 6:00 p.m. IST (1230 GMT) on February 25. Please note that the list includes deals reported by Reuters, and is not exhaustive.\n    Here is the list of deals reported so far on February 25: \nIssuer\n\nTenure\n\nCoupon (in %)\n\nIssue size (in bln rupees)*\n\nBidding date\n\nRating\n\nREC\nPerpetual 7.9919.95Feb. 25AAA (Crisil, Icra, Care)\nNHB\n6 year and 10 months7.3548Feb. 25AAA (Care, India Ratings)\nM&M Financial Services\n10 years8.305Feb. 25AAA (Crisil)\nNIIF Infra Finance\n8-12 yearTo be decided5+5Feb. 27AAA (Care, Icra)\nTVS Credit Services\n3 years8.255+5Feb. 28AA+ (Care)\nPFC\n4-year, 10-month and 12 daysTo be decided7+33Feb. 27AAA (Crisil, Care, Icra)PFC9-year, 10-month and 12 daysTo be decided7+33Feb. 27AAA (Crisil, Care, Icra)\n * Size includes base plus greenshoe for some issues (Reporting by Dharamraj Dhutia) ((Dharamraj.dhutia@tr.com))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}