The company will pay an annual coupon of 9.10%, and had invited bids from bankers and investors earlier in the day, the merchant bankers added. The bonds are rated AA+ by CRISIL and the issue will be settled on Wednesday. Earlier this month, the company raised 2.40 billion rupees through bonds maturing in 10 years at a coupon of 9.09%. ($1 = 82.5720 Indian rupees) (Reporting by Dharamraj Dhutia Editing by Eileen Soreng)
MUMBAI, Feb 28 (Reuters) - India's Shriram Housing Finance
has accepted bids worth 700 million rupees ($8.48 million) for
bonds maturing in 10 years, three merchant bankers said on
Tuesday.
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