The state-run company invited coupon and commitment bids from bankers and investors earlier in the day and accepted bids worth 20 billion rupees ($241.85 million), they said. The notes are rated AAA by CARE, ICRA and India Ratings, and the issue will close for subscription later this week. The issue will mature in May 2026. In December, the company had raised 4.70 billion rupees through bonds maturing in 10 years and four months at an annual coupon of 7.52%. ($1 = 82.6950 Indian rupees) (Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Sherry Jacob-Phillips)
MUMBAI, Feb 14 (Reuters) - India's Housing and Urban
Development Corp has set 7.68% coupon for bonds
maturing in three years and three months, three merchant bankers
said on Tuesday.
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