Business Standard

Wednesday, December 25, 2024 | 10:39 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Chola Fin raises Rs 1,000 crore through maiden public bond offering

The offering was oversubscribed 5.17 times the base issue (Rs 500 crore) on the final day of the issue

Cholamandalam Investment

Abhijit Lele

Listen to This Article

Cholamandalam Investment and Finance Company Limited (CIFCL) has raised Rs 1,000 crore through its maiden public issue of non-convertible debentures (NCDs). The offering was oversubscribed 5.17 times the base issue (Rs 500 crore) on the final day of the issue. It had a green shoe option of Rs 500 crore. The coupon on bonds varies between 8.25-8.40 per cent depending on maturity date (between 22 months to 60 months).

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 27 2023 | 11:55 PM IST

Explore News