The non-banking financial company will pay an annual coupon
of 7.95% and has invited bids from bankers and investors on
Tuesday, they said.
The notes, rated AAA by CRISIL and ICRA, will close for
subscription next week.
The issue has a greenshoe option to retain an additional
3.75 billion rupees.
In January, the company raised 5 billion rupees selling
bonds maturing in three years and three months at an annual
coupon of 7.9873%.
($1 = 81.8390 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Shinjini Ganguli)
MUMBAI, Feb 3 (Reuters) - India's Tata Capital Financial
Services plans to raise at least 750 million Indian rupees
($9.16 million) selling bonds maturing in five years, three
merchant bankers said on Friday.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.