off-the-wire

India New Issue-Manappuram Finance to issue 10-year bonds - bankers

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, March 9 (Reuters) - India's Manappuram Finance plans to raise 11 billion rupees ($134.41 million) through bonds maturing in 10 years, three merchant bankers said on Thursday.


The company has invited bids from investors and bankers for the bond issue on Friday, they said.


The bonds are rated AA by CRISIL and the issue will be settled next week.


($1 = 81.8400 Indian rupees) (Reporting by Bhakti Tambe; Editing by Dhanya Ann Thoppil)

bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: ))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.