The bonds are rated AAA by ICRA, and have a greenshoe option
to retain an additional 1.25 billion rupees and one billion
rupees respectively.
Earlier this month, Aditya Birla Finance raised 3.02
billion rupees through the reissuance of 7.88% February 2026
bonds at 8.02% yield.
($1 = 82.7220 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Nivedita
Bhattacharjee)
MUMBAI, Feb 7 (Reuters) - India's Aditya Birla Finance
plans to raise funds through reissuance of 8.90% June 2025 bonds
and 8.12% November 2032 bonds, three merchant bankers said on
Tuesday.
The non-banking finance company aims to raise at least 250
million rupees ($3.02 million) via June 2025 bonds and at least
1.50 billion rupees through November 2032 bonds
It has invited bids from bankers and investors for both the
issues on Wednesday, and they will close for subscription on
Thursday.
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