The company will pay a coupon of 12.40% on the issue and had invited bids from bankers and investors for the issue on Monday, they said. The bonds are rated A by India Ratings and the issue will close for subscription later in the day. The issue will mature in May 2028. ($1 = 82.7180 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
MUMBAI, Feb 21 (Reuters) - Chaitanya India Fin Credit
has accepted bids worth 1.25 billion rupees ($15.11 million) for
bonds maturing in five years and three months, two merchant
bankers said on Tuesday.
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