MUMBAI, Feb 23 (Reuters) - India's IIFL Samasta Finance
has accepted bids worth 400 million rupees ($4.83 million) for
bonds maturing in two years, three merchant bankers said on
Thursday.
The company will offer a coupon of 10.75% on the issue, for
which it has invited bids earlier in the day.
The bonds are rated AA- by CRISIL and the issue will be
settled on Friday.
Earlier this month, the company raised 250 million rupees
through bonds maturing in six years and two months at a coupon
of 11.25%.
($1 = 82.7400 Indian rupees)
(Reporting by Bhakti Tambe; Editing by Sohini Goswami)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.