The bonds are rated B by ICRA, and the issue will be settled
later in the day.
($1 = 82.6640 Indian rupees)
(Reporting by Bhakti Tambe and Dharamraj Dhutia)
MUMBAI, Feb 24 (Reuters) - Picard Angst India Private
Limited has accepted bids worth 1.95 billion rupees ($23.59
million) for bonds maturing in five years, three merchant
bankers said on Friday.
The company will pay an annual coupon of 18% on this bond
issue for which it had invited bids on Thursday.
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.