MUMBAI, Feb 21 (Reuters) - India's Shriram Finance has accepted bids worth 500 million rupees ($6.05
million) for the reissue of 8.72% October 2032 bonds, three
merchant bankers said on Tuesday.
The company will offer a yield of 8.70% for the issue and
had 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 later in the day.
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 = 82.7040 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)
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