Cholamandalam to Sell Largest Floater Bond By Indian Lender
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Article Excerpt
Cholamandalam Investment and Financial Services Ltd., an Indian lender, will offer a Rs 12,500 crore ($1.69 billion) floating rate bond to fund its operations, according to a regulatory filing.
The company is set to sell the largest floater bond by any Indian bank or financial institution, a first for a state-owned lender in India. The floaters are interest-rate-sensitive bonds that allow issuers to adjust coupon rates based on market conditions.
"Cholamandalam has decided to raise fresh funds through an issuance of floating rate rupee-denominated debt securities under its ongoing Tier II Ca…
Read full article at Financial Post ↗
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Jun 3, 2026