India New Issue-Fusion Micro Finance accepts bids for 2-yr bonds - traders

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, Feb 15 (Reuters) - India's Fusion Micro Finance Ltd has accepted bids worth 450 million rupees ($5.4 million) for bonds maturing in two years, two merchant bankers said on Wednesday. The company will pay a coupon of 12% and had invited bids from bankers and investors earlier in the day, they said. The notes of the company are rated A by ICRA and the issue closed for subscription on Thursday.


($1 = 82.7980 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Savio D'Souza)

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