India New Issue-Fusion Micro Finance to issue 2-yr bonds - traders

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, Feb 13 (Reuters) - India's Fusion Micro Finance plans to raise 450 million rupees ($5.4 million) through the sale of bonds maturing in two years, two merchant bankers said on Monday. The company has invited bids from bankers and investors on Wednesday, they said. The notes of the company are rated A by ICRA and the issue closed for subscription on Thursday.


($1 = 82.6670 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)

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