MUMBAI, March 9 (Reuters) - India's Shriram Housing Finance plans to raise
at least 750 million Indian rupees ($9.14 million) through sale of bonds
maturing in three years, three merchant bankers said on Thursday.
The company will pay an annual coupon of 8.95% on this issue, and has
invited bids from bankers and investors on Monday, the merchant bankers added.
The bonds are rated AA+ by CARE Ratings and India Ratings, and the issue
will be settled on Tuesday.
The issue has a greenshoe option to retain an additional 250 million rupees.
In February, the company raised 700 million rupees through bonds maturing in
10 years at a coupon of 9.10%.
($1 = 82.0220 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Shailesh Kuber)
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