MUMBAI, Feb 7 (Reuters) - India's Tata Capital Financial
Services has accepted bids worth 1.10 billion rupees ($13.30
million) for bonds maturing in five years, three merchant
bankers said on Tuesday.
The non-banking financial company will pay an annual coupon
of 7.95% and had invited bids from bankers and investors earlier
in the day, they said.
The notes, rated AAA by CRISIL and ICRA, will close for
subscription next week.
In January, the company raised 5 billion rupees selling
bonds maturing in three years and three months at an annual
coupon of 7.9873%.
($1 = 82.7050 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Shinjini Ganguli)
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