It had invited bids from bankers and investors for both the issues earlier in the day, and they will close for subscription on Thursday. The bonds are rated AAA by ICRA. Earlier this month, Aditya Birla Finance raised 3.02 billion rupees through the reissuance of 7.88% February 2026 bonds at 8.02% yield. ($1 = 82.5090 Indian rupees) (Reporting by Dharamraj Dhutia and Bhakti Tambe Editing by)
MUMBAI, Feb 8 (Reuters) - India's Aditya Birla Finance
has accepted bids worth an aggregate of 2.55 billion Indian
rupees ($30.91 million) for reissuance of 8.90% June 2025 bonds
and 8.12% November 2032 bonds, three merchant bankers said on
Wednesday.
The non-banking finance company will offer a yield of 7.98%
for June 2025 bonds and has accepted bids worth 300 million
rupees. It will offer a yield of 8.05% on November 2032 bonds
and has accepted bids worth 2.25 billion rupees.
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