In October, the company had raised 4.25 billion rupees through sale of bonds maturing in two years at an annual coupon of 8.15%. ($1 = 82.8330 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
MUMBAI, Feb 22 (Reuters) - India's TVS Credit Services
plans to raise at least 1.50 billion rupees ($18.11 million)
selling bonds maturing in five years and six months, two
merchant bankers said on Wednesday.
The company will pay an annual coupon of 9.35% to the
investors of this issue, and has invited commitment bids on
Thursday, they said.
The notes are rated AA by CRISIL and the issue will close
for subscription on Friday.
The issue has a greenshoe option to retain an additional 500
million rupees and will mature in August 2028.
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