The notes are rated AAA by CRISIL and the issue will close for subscription later this week. In December, the company raised 750 million rupees through bonds maturing in two years and four months at an annual coupon of 8.40%. ($1 = 82.5850 Indian rupees) (Reporting by Bhakti Tambe; Editing by Dhanya Ann Thoppil)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, Feb 8 (Reuters) - Fullerton India Home Finance
has accepted bids worth 750 million rupees ($9.08 million)
through a sale of bonds maturing in three years, two merchant
bankers said on Wednesday.
The non-banking finance company will pay an annual coupon of
8.20% on the issue for which it had invited bids from bankers
and investors earlier in the day.
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.