MUMBAI, Feb 28 (Reuters) - India's Clix Capital Services
plans to raise at least 250 million rupees ($3.03 million)
through the sale of its bonds maturing in September 2025, two
merchant bankers said on Tuesday.
The privately held lender will pay a coupon of 10.50% on the
issue and has invited commitment bids on Thursday, bankers said.
The bonds are rated "A" by CARE Ratings and the issue, which
has a greenshoe option to retain an additional 250 million
rupees, will close for subscription on Friday.
In September, the company had raised 500 million rupees
bonds maturing in two years at a coupon of 10.10%, payable on a
quarterly basis.
($1 = 82.5750 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Shweta Agarwal)
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