In December, the company raised 1.10 billion rupees via
reissue of 8.50% October 2032 bonds.
($1 = 82.5400 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe
Editing by Nivedita Bhattacharjee)
MUMBAI, Feb 10 (Reuters) - India's Shriram Transport
Finance plans to raise at least 250 million rupees ($3.03
million) through the reissue of 8.50% October 2032 bonds, three
merchant bankers said on Friday.
The company has invited bids from bankers and investors for
the issue on Monday, they said.
The notes are rated AA+ by CRISIL and India Ratings and the
issue will close for subscription next week.
The issue has a greenshoe option to retain an additional 250
million rupees.
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