MUMBAI, Feb 17 (Reuters) - India's Tata Capital
Financial Services plans to raise fund through sale of bonds
maturing in three years and four months and in 10 years, three
merchant bankers said on Friday.
The non-banking financial company aims to raise at least 1
billion rupees ($12.09 million) through the shorter tenor bonds
and at least 500 million rupees via 10-year notes, they said.
The issues have a greenshoe option to retain an additional
five billion rupees and 2.50 billion rupees respectively, and
the company has invited commitment bids from bankers and
investors on Monday.
The 10-year bonds have a put option at end of three years.
The notes are rated AAA by CRISIL and ICRA, and will close
for subscription next week.
Earlier this month, the company raised 1.10 billion rupees
through the primary issuance of these bonds.
($1 = 82.7420 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Varun H K)
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