MUMBAI, Jan 31 (Reuters) - India's Sundaram Home Finance plans to raise 1.75 billion Indian rupees ($21.40
million) selling bonds maturing in three years, three merchant
bankers said on Tuesday.
The housing finance company will pay an annual coupon of
7.97% on this issue and has invited commitment bids from bankers
and investors on Thursday, they said.
The bonds are rated AAA by ICRA, and the issue will close
for subscription on Friday.
In December, the non-banking finance company raised 2
billion rupees through zero-coupon bonds maturing in five years
at a yield of 8.08%.
($1 = 81.7880 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
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