MUMBAI, Feb 7 (Reuters) - India's Shriram Housing
Finance plans to raise 2.4 billion rupees ($29.03 million)
through a sale of bonds maturing in 10 years, three merchant
bankers said on Tuesday.
The company has invited bids from bankers and investors on
Wednesday, they said.
The bonds are rated AA+ by CRISIL and the issue will close
for subscription on Thursday.
In December, the company raised 500 million rupees through
bonds maturing in three years at a coupon of 8.95%.
($1 = 82.6640 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Varun H K)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
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