Interise Trust to raise more than ₹2,000 crore via bonds, bankers say

India's Interise Trust plans to raise up to ₹2,075 crore ($233.9 million) through two series of bonds maturing in 19 years, five months and 15 days each, three bankers said on Tuesday. The Infrastructure Investment Trust will pay a coupon of 6.96% and 7.3014%, respectively, payable quarterly, they said.

"Staggered Redemption for both series will start from December 31, 2025, quarterly thereafter and on maturity as per redemption schedule," one of the bankers said. One issue has a call option at end of three years and another at end of 10 years, they added. The trust has invited commitment bids for the issue on Wednesday, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on October 14:

Issuer Tenure Coupon (in %) Issue size (in Bidding bln rupees)* date Rating

Interise 19 years, 5 6.96 10.5 October 15 AAA Trust months and (India 15 days Rating, Icra)

Interise 19 years, 5 7.3014 10.25 October 15 AAA Trust months and (India 15 days Rating, Icra)

1 year and 5 7.55 25 October 14 AAA Poonawalla months (Crisil Fincorp )

Poonawalla 1 year and 9 7.5285 5 October 14 AAA Fincorp months (Crisil 2027)

Reissue * Size includes base plus greenshoe for some issues

Published on October 14, 2025