India New Issue-Bangalore Tower accepts bids for 3-year bonds - bankers

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, March 10 (Reuters) - India's Bangalore Tower Private Ltd has accepted bids worth 2 billion rupees ($24.4 million) for bonds maturing in three years, two merchant bankers said on Friday. The company will pay a coupon of 9.80% on this bond issue, for which it had invited bids from bankers and investors earlier in the day. The bonds are provisionally rated BBB- by India Ratings.


($1 = 82.0280 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Varun H K)

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