India New Issue-Ecap Equities to issue multiple tenor bonds - bankers

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, March 9 (Reuters) - India's Ecap Equities plans to raise 2 billion rupees ($24.43 million) through two zero-coupon bonds, one maturing in April 2026 and the other in February 2027, two merchant bankers said on Thursday.


The company has invited bids from investors and bankers for both the bond issuances on Wednesday, they said.


The bonds are rated AA- by CRISIL, and the issue will be settled next week.
($1 = 81.8700 Indian rupees) (Reporting by Bhakti Tambe)

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