India New Issue-TVS Motor accepts bids for 3-year bonds – bankers

MUMBAI, March 13 (Reuters) - India's TVS Motor has accepted bids worth 1.25 billion Indian rupees ($15.22 million) for bonds maturing in three years, three merchant bankers said on Monday.

The company will pay an annual coupon that's 140 basis points above the Reserve Bank of India's repo rate. This currently works out to be 7.90%. It had invited bids from bankers and investors earlier in the day.

The bonds are rated AA+ by CARE Ratings, and the issue will be settled next week. ($1 = 82.1070 Indian rupees) (Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Janane Venkatraman)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

India New Issue-TVS Motor accepts bids for 3-year bonds – bankers

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Solid price gains for gold, silver after busy news weekend

Bitcoin remains a ‘speculative vehicle’ and ‘won’t work’ as a reserve: ‘I prefer gold’ – Ray Dalio