MUMBAI, Feb 7 (Reuters) - India's Tata Capital Housing
Finance has accepted bids worth 3 billion rupees ($36.29
million) for bonds maturing in three years and three months,
three merchant bankers said on Tuesday.
The housing financier will offer a coupon of 7.9613% on the
bond issue, for which it has invited bids from bankers and
investors on Tuesday, they said.
The bonds, rated AAA by CRISIL, will mature on May 2026. The
issue will close for subscription on Wednesday.
In January, Tata Capital Housing Finance raised 8 billion
rupees through the reissue of 6.50% June 2026 bonds at a yield
of 7.97%.
($1 = 82.6600 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe
Editing by Shinjini Ganguli)
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