In February, the company had raised 4 billion through reissue of 8.10% March
2024 bonds at yield of 8.10%.
($1 = 82.47 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by)
MUMBAI, March 1 (Reuters) - Fullerton India Credit Co plans to raise at
least 500 million Indian rupees ($6.06 million) through reissue of 8.30%
November 2032 bonds, three merchant bankers said on Wednesday.
The non-banking finance company has invited bids from bankers and investors
on Friday, they said.
The notes are rated AAA by CRISIL and CARE Ratings and the issue will close
for subscription next week.
The issue has a greenshoe option to retain an additional 1.50 billion
rupees.
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