The non-banking finance company will offer a yield of 8.10% on the issue and had invited bids earlier in the day, they said. The notes are rated AAA by CRISIL and CARE Ratings and the issue will close for subscription on Thursday. In January, the company had raised 2.50 billion through a primary issuance of this note. ($1 = 82.8100 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
MUMBAI, Feb 15 (Reuters) - Fullerton India Credit Co has
accepted bids worth 4 billion rupees ($48.30 million) for the
reissue of 8.10% March 2024 bonds, three merchant bankers said
on Wednesday.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.