The bonds are rated AAA by CRISIL and the issue will be settled on Thursday. The issue had a base size of 1 billion rupees and a greenshoe option to retain an additional 3 billion rupees. 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 = 82.8500 Indian rupees) (Reporting by Bhakti Tambe and Dharamraj Dhutia)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, Feb 22 (Reuters) - India's Axis Finance has
accepted bids worth 2.63 billion rupees ($31.74 million) for
bonds maturing in five years, three merchant bankers said on
Wednesday.
The non-banking finance company will pay an annual coupon of
8.07% on the issue for which it had invited bids earlier in the
day.
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