India New Issue-Aye Finance issues over 2-year bonds - traders

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, Feb 15 (Reuters) - India's Aye Finance raised 270 million rupees ($3.3 million) through bonds maturing in two years and three months, three merchant bankers said on Wednesday. The company will offer a coupon of 11.25% on this issue, which closed for subscription earlier in the day, they said. The bonds, rated "A-" by India Ratings, will mature in May 2025. In January, the company raised 500 million rupees through bonds maturing in one year and three months at an annual coupon of 10.50%.


($1 = 82.8180 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)

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