The notes will mature in April 2026 and this is the first
bond to be issued by the company in this financial year.
($1 = 82.7000 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Subhranshu Sahu)
MUMBAI, Feb 7 (Reuters) - India's Godrej Finance has
accepted bids worth 2 billion rupees ($24.18 million) for sale
of bonds maturing in three years and three months, two merchant
bankers said on Tuesday.
The company will pay an annual coupon of 8.17% on this
issue, and had invited bids from bankers and investors earlier
in the day, they said.
The bonds are rated AA by CRISIL and the issue will close
for subscription on Wednesday.
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.