India New Issue-Assetz Industrial Parks issues near 5-year bonds - traders

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, March 1 (Reuters) - India's Assetz Industrial Parks Private raised 324 million rupees ($3.92 million) through zero-coupon bonds maturing in four years and 10 months, two merchant bankers said on Wednesday. The company had invited bids from investors and bankers on Tuesday and the issue settled earlier in the day.


The bonds are rated BB+ by CARE and the issue will mature in December 2027. ($1 = 82.5530 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Sohini Goswami)

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.