MUMBAI, Jan 30 (Reuters) - India's Avanse Financial
Services plans to raise 1 billion rupees ($12.25 million)
selling bonds maturing in three years, two merchant bankers said
on Monday.
The non-banking financial company will pay an annual coupon
of 9.25% to investors of the issue and has invited commitment
bids from bankers and investors on Jan. 31, according to the
bankers.
The bonds are rated A+ by CARE Ratings, and the issue will
close for subscription later this week.
Earlier this month, the company raised 2.50 billion rupees
selling bonds maturing in three years at an annual coupon of
9.25%.
($1 = 81.6330 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
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