MUMBAI, Feb 15 (Reuters) - India's HDFC Ergo General
Insurance plans to raise 3 billion rupees ($36.18 million)
selling subordinated bonds maturing in 10 years, two merchant
bankers said on Wednesday.
The private insurer has invited coupon and commitment bids
from bankers and investors on Thursday, they said.
The notes are rated AAA by CRISIL and ICRA, and the issue
will close for subscription on Friday.
The issue has a call option at the end of five years.
In September, the company had raised 800 million rupees
selling subordinated bonds maturing in 10 years at an annual
coupon of 7.72%.
($1 = 82.9090 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
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