Aditya Birla Finance to reissue Feb 2026 bonds-traders

India's Aditya Birla Finance plans to raise at least 3 billion rupees ($36.8 million) through the reissue of 7.88% February 2026 bonds, three merchant bankers said on Monday.

The non-banking finance company has invited bids from bankers and investors on Wednesday, they said.

The bonds are rated AAA by ICRA and the issue will close for subscription on Thursday.

The issue has a greenshoe option to retain an additional 12.88 billion rupees.

In December, Aditya Birla Finance raised 4 billion rupees through the primary issuance of this paper.

($1 = 81.5120 Indian rupees)