Cholamandalam To Raise Rs 10 Billion Via NCD Issue

14 Oct 2025 CW Team

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.

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