($1 = 82.5680 Indian rupees) (Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by Varun H K)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, Feb 28 (Reuters) - Small Industries Development
Bank of India (SIDBI) plans to raise at least 10 billion rupees
($121.11 million) through bonds maturing in three years and one
month, three merchant bankers said on Tuesday.
The state-run financial institution has invited bids from
merchant bankers and investors on Thursday, they said.
The issue also has a greenshoe option to retain an
oversubscription of up to 20 billion rupees.
Earlier this week, Reuters had reported that SIDBI is aiming
to raise around 25 billion rupees through bonds maturing in
three years or a little over that.
The bonds are rated AAA by Care and Crisil, and the issue
will be settled next week.
In January, SIDBI raised 50 billion rupees through bonds
maturing in three years and one month at a coupon of 7.59%.
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.