In January, the company raised 10 billion rupees selling bonds maturing in three years and one month at an annual coupon of 8.50%. ($1 = 82.6760 Indian rupees) (Reporting by Dharamraj Dhutia Editing by Eileen Soreng)
MUMBAI, Feb 24 (Reuters) - India's Muthoot Finance has accepted bids worth 4.65 billion rupees ($56.24
million) for bonds maturing in 30 months, and in three years and
one month, three merchant bankers said on Friday.
The non-banking finance company has accepted bids worth 3.35
billion rupees for bonds maturing in 30 months, and 1.30 billion
rupees for three-year and one-month papers, they said.
It will pay an annual coupon of 8.60% and 8.65% on these
issues and had invited commitment bids for them on Thursday.
The issues will mature in August 2025 and May 2026.
The notes are rated AA+ by CRISIL, and the issues will close
for subscription later in the day.
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