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Key bond market deals: Axis Bank, Hero Fincorp, Cholamandalam Investment

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Here’s a look at the key bond market deals on Tuesday.

Key bond market deals: Axis Bank, Hero Fincorp, Cholamandalam Investment
Here’s a look at the key bond market deals on Tuesday.
Key highlights:
  • Some interesting rates were seen for 3-month commercial paper (CP’s)
  • Axis Bank to raise funds at 4.1 percent via 6-month CP
  • Hero Fincorp takes 3-year money at 6.25 percent
  • Non-Convertible Debentures:
    • NABARD to raise Rs 418 crore via 10-year G-sec bonds
    • India Infradebt to raise Rs 50 crore at 7.37 percent via 10-year bonds
    • Cholamandalam Investment to raise Rs 200 crore via 3-year bonds at T-bill linked coupon
    • Hero Fincorp takes Rs 200 crore at 6.25 percent, 3-year bonds
    • Spandana Sphoorty Financial takes Rs 30 crore at 10.5 percent coupon, 13-month bonds
    • Food Corporation of India likely to raise funds via 10-year government-guaranteed bonds soon
    • Commercial Papers:
      • Indian Oil Corporation (IOC) to raise funds via intra-month CP at 3.37 percent coupon
      • CPCL to raise funds via over two-month CP at 3.48 percent coupon
      • HPCL to raise funds via three-month CP at 3.45 percent coupon
      • IRFC to raise funds via three-month CP at 3.43 percent coupon
      • Reliance Retail Ventures to raise funds via three-month CP at 3.48 percent coupon
      • Axis Finance to raise funds via six-month CP at 4.10 percent coupon