MUMBAI, Jan 31 (Reuters) - India's Avanse Financial
Services has accepted bids aggregating to 1 billion rupees
($12.24 million) for bonds maturing in three years, two merchant
bankers said on Tuesday.
The non-banking financial company will pay an annual coupon
of 9.25% to investors of the issue and had invited commitment
bids from bankers earlier in the day.
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 = 81.7290 Indian rupees)
(Reporting by Bhakti Tambe; editing by Uttaresh.V)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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