Cholamandalam Investment and Finance Company has invited bids to raise up to Rs 10 billion through secured non-convertible debentures (NCDs) maturing on 14 October 2030, offering a coupon rate of 7.58 per cent.

The NCD issue, announced on Monday, comes at a time when corporate bond activity — which saw strong momentum in the first quarter of FY26 — has slowed during the second quarter owing to rising borrowing costs.

However, market analysts anticipate a rebound in the coming months as easing bond yields could reignite investor appetite for corporate debt instruments.

The company’s fundraising initiative underscores continued demand for high-quality fixed-income securities among institutional investors, even as broader debt markets remain sensitive to interest rate movements.