The notes are rated AA by CRISIL, and the issue will close for subscription on Friday. The notes will mature in August 2028. 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 = 82.7030 Indian rupees) (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, Feb 23 (Reuters) - India's TVS Credit Services
has accepted bids worth 2 billion rupees ($24.18 million) for
bonds maturing in five years and six months, two merchant
bankers said on Thursday.
The company will pay an annual coupon of 9.35% to the
investors of this issue, for which it had invited commitment
bids earlier in the day.
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