In October, the company had raised 750 million rupees
through reissuance of 8.65% May 2032 bonds at 8.65% yield.
($1 = 81.7620 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
MUMBAI, March 6 (Reuters) - India's JM Financial Credit
Solutions plans to raise at least 1 billion rupees ($12.23
million) through sale of bonds maturing in three years and three
months, three merchant bankers said on Monday.
The company will pay an annual coupon of 9.38% on this
issue, and has invited commitment bids from bankers and
investors on Wednesday, they said.
The notes are rated AA by ICRA and India Ratings, and the
issue will be settled on Thursday.
The issue has a greenshoe option to retain an additional
1.50 billion rupees that will mature in June 2026.
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