Cholamandalam Investment and Finance Company 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 Bidding Rating bln rupees)* date
Cholamandalam 7 years 8.40 5+5 November 24 AA+ (Icra, Investment Care)
Anzen 11 years To be decided 7.75 November 24 AAA (Crisil, India Energy Yield India Ratings)
Plus Trust ICICI 3 years 7.45 5 November 21 AAA (Crisil, Securities Icra)
* Size includes base plus greenshoe for some issues ($1 = 89.1800 Indian rupees)
Published on November 24, 2025