($1 = 82.1500 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
MUMBAI, March 8 (Reuters) - India's JM Financial Credit
Solutions has accepted bids worth 1.25 billion rupees ($15.22
million) for bonds maturing in three years and three months,
three merchant bankers said on Wednesday.
The company will pay an annual coupon of 9.38% on this
issue, and had invited commitment bids from bankers and
investors earlier in the day, they said.
The notes are rated AA by ICRA and India Ratings, and the
issue will be settled on Thursday.
The issue will mature in June 2026. In October, the company
had raised 750 million rupees through reissuance of 8.65% May
2032 bonds at 8.65% yield.
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