The issue also has a greenshoe option to retain an
additional 4 billion rupees.
The company is offering bonds maturing in 25 months, 37
months and 61 months at an annual coupon in the 7.75%-8.10%
range for institutional investors.
A.K. Capital Services is the lead manager for the bond
issue, rated AA+ by ICRA.
The funds raised through this issue will be used primarily
for lending activities, Muthoot Finance said in a release on
Tuesday.
($1 = 82.7170 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Sohini Goswami)
MUMBAI, Feb 7 (Reuters) - India's Muthoot Finance plans to raise at least 1 billion rupees ($12.09
million) through the public issue of non-convertible debentures,
according to a product note.
The gold financier's public issue will open for subscription
on Wednesday and will close on Mar. 3.
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