In December, the company had raised 1.25 billion rupees
selling perpetual bonds at an annual coupon of 8.15%, and this
issue had a call option at the end of 10 years.
($1 = 82.7300 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
MUMBAI, Feb 21 (Reuters) - India's Axis Finance plans to
raise at least 1 billion rupees ($12.09 million) through the
sale of bonds maturing in five years, three merchant bankers
said on Tuesday.
The non-banking finance company will pay an annual coupon of
8.07% on the issue and has invited commitment bids on Wednesday,
they said.
The bonds are rated AAA by CRISIL and the issue will close
for subscription on Thursday.
The issue has a greenshoe option to retain an additional 3
billion rupees.
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