The bonds are rated AA by CARE Ratings and the issue will be settled on Friday. The issue had a base size of 1 billion rupees and a greenshoe option to retain an additional 5 billion rupees. The bonds will mature in May 2026. ($1 = 81.9400 Indian rupees) (Reporting by Bhakti Tambe)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, March 9 (Reuters) - India's Piramal Enterprises has accepted bids worth 1 billion rupees ($12.20
million) for the sale of bonds maturing in three years and two
months, three merchant bankers said on Thursday.
The company will pay an annual coupon of 8.75% on this issue
for which it invited commitment bids earlier in the day.
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