MUMBAI, March 3 (Reuters) - Fullerton India Credit Co has
accepted bids worth 500 million rupees ($6.09 million) for the
reissue of 8.30% November 2032 bonds, three merchant bankers
said on Friday.
The non-banking finance company will offer a yield of 8.30%
on the issue, and had invited bids from bankers and investors
earlier in the day, they said.
The notes are rated AAA by CRISIL and CARE Ratings and the
issue will close for subscription next week.
In February, the company raised 4 billion through the
reissue of 8.10% March 2024 bonds at yield of 8.10%.
($1 = 82.1550 Indian rupees)
(Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by
Sohini Goswami)
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