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

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)

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

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