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 = 81.9070 Indian rupees) (Reporting by Bhakti Tambe and Dharamraj Dhutia)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, Feb 2 (Reuters) - India's Sundaram Home Finance
has accepted bids aggregating to 1.75 billion rupees ($21.37
million) for bonds maturing in three years, three merchant
bankers said on Thursday.
The housing finance company will pay an annual coupon of
7.97% on this issue, for which it had invited bids earlier in
the day.
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