MUMBAI, Feb 9 (Reuters) - India's Muthoot Microfin
raised 1 billion Indian rupees ($12.12 million) through the
reissue of January 2026 bonds, three merchant bankers said on
Thursday.
The company will offer a yield of 11% and invited bids from
investors and bankers on Wednesday, according to the merchant
bankers.
The bonds are rated "A+" by CRISIL and the issue closed for
subscription earlier on Thursday.
The company raised 850 million rupees in January through
bonds maturing in three years at an annual coupon of 11%.
($1 = 82.5000 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Shounak Dasgupta)
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