India New Issue-Manappuram Finance accepts bids for 10-year bonds - bankers

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, March 10 (Reuters) - India's Manappuram Finance has accepted bids worth 11 billion rupees ($134.1 million) for bonds maturing in 10 years, three merchant bankers said on Friday. The company will pay a coupon of 9.22% for this bond issue, for which it had invited bids from investors and bankers earlier in the day. The bonds are rated AA by Crisil and the issue will be settled next week.


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

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.