MUMBAI, Feb 1 (Reuters) - India's IIFL Samasta Finance
has accepted bids worth 250 million rupees ($3.06 million) for
bonds maturing in six years and two months, three merchant
bankers said on Wednesday.
The company will pay a coupon of 11.25% on the bond issue
for which it had invited bids from bankers and investors earlier
in the day, they said.
The bonds are rated AA- by CRISIL. The issue will close for
subscription on Thursday.
In December, IIFL Samasta Finance had raised 1 billion
rupees through bonds maturing in one year and in two years at an
annual coupon of 10.50% and 11.40%, respectively.
($1 = 81.8140 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Shinjini Ganguli)
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