off-the-wire

RPT-India New Issue-SK Finance to issue 2-year bond - traders

Kitco Media
By Reuters
Published:
Updated:
Reuters
(Repeats with no changes to text) MUMBAI, Jan 30 (Reuters) - India's SK Finance plans to raise 500 million rupees ($6.13 million) through bonds maturing in two years, three merchant bankers said on Monday.


The company has invited bids for the issue on Wednesday, they said.


The bonds are rated A+ by CRISIL and the issue will close for subscription later this week.


Last week, the company had raised 1.75 billion rupees through bonds maturing in two years at an annual coupon of 9.25%. ($1 = 81.6200 Indian rupees) (Reporting by Bhakti Tambe; Editing by Sherry Jacob-Phillips)

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