MUMBAI, Feb 22 (Reuters) - India's HDB Financial
Services has accepted bids worth 2.44 billion Indian rupees
($29.46 million) for bonds maturing in three years and two
months, three merchant bankers said on Wednesday.
The non-banking financial company will pay an annual coupon
of 8.0736% and had invited bids from bankers and investors on
Tuesday, they said.
The issue will close for subscription later in the day.
The bonds are rated AAA by CRISIL and CARE Ratings and will
mature in April 2026.
($1 = 82.8330 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Vinay Dwivedi)
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