Cholamandalam Investment & Finance to raise Rs 60 crore via bonds

Cholamandalam Investment & Finance Company is eyeing to raise Rs 60 crore via 2-year bonds at 10.35 percent. Derivium Tradition Securities India is the arranger to the deal.

Recently in June, the company was planning to raise Rs 150 crore via 7-year bonds at 12.25 percent. A K Capital was the sole arranger to the issue and CRISIL has assigned ‘AA-‘rating to the issue.

Cholamandalam Investment is among the top 5 NBFC’s in the country operating in vehicle finance, home equity, corporate and mortgage finance segments with subsidiaries in the broking and wealth advisory space. It is emerging as a high growth company in the retail lending space with a branch network of over 220.