The non-banking finance company will pay a coupon of 9.00%, and had invited bids from bankers and investors on Wednesday, they said. The bonds, which will mature in June 2024, carry a guarantee by parent company Rent Alpha and will be settled later in the day. This is the first bond issue by the company this financial year. ($1 = 81.9790 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
MUMBAI, March 9 (Reuters) - India's Capsave Finance has
accepted bids worth 450 million rupees ($5.49 million) for
bonds maturing in 15 months, three merchant bankers said on
Thursday.
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