In December, the company raised 750 million rupees through bonds maturing in two years and four months at an annual coupon of 8.40%. ($1 = 82.7220 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)
MUMBAI, Feb 7 (Reuters) - Fullerton India Home Finance
plans to raise at least 500 million rupees ($6.04 million)
through the sale of bonds maturing in three years, two merchant
bankers said on Tuesday.
The non-banking finance company will pay an annual coupon of
8.20% on the issue and has invited bids from bankers and
investors on Wednesday, they said.
The notes are rated AAA by CRISIL and the issue will close
for subscription later this week.
The issue has a greenshoe option to retain an additional
1.50 billion rupees.
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