Aditya Birla Finance to Issue Multiple Tenor Bonds

Aditya Birla Finance is set to issue multiple tenor bonds as part of a significant fundraising effort. The company plans to raise ₹37.5 billion, including a greenshoe option of ₹25 billion, through bonds maturing in four years and two months and four years and 11 months. The bonds have been rated AAA by Crisil and Icra, indicating high creditworthiness. Bidding for these bonds is scheduled for March 17, as the company seeks to expand its financial capabilities.

 

Sources: Reuters, TradingView, Zawya