MUMBAI, Feb 17 (Reuters) - India's Shriram Finance plans to raise at least 500 million rupees ($6.04
million) through reissue of 8.72% October 2032 bonds, three
merchant bankers said on Friday.
The company has invited bids from bankers and investors on
Monday, they said.
The notes are rated AA+ by CRISIL and India Ratings and the
issue will close for subscription next week.
The issue has a greenshoe option to retain an additional 500
million rupees.
Earlier this month, the company raised 350 million rupees
via the reissue of 8.50% October 2032 bonds at a yield of 8.42%.
($1 = 82.7420 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
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.