MUMBAI, March 13 (Reuters) - India's Aditya Birla Finance
plans to raise 1 billion Indian rupees ($12.20 million) through
the reissue of 8.12% November 2032 bonds, three merchant bankers
said on Monday.
The non-banking finance company has invited bids from
bankers and investors on Tuesday, they said.
The bonds are rated AAA by ICRA and India Ratings and the
issue will be settled later this week.
Earlier, this month, the company had raised 5.23 billion
rupees selling bonds maturing in five years.
($1 = 81.9600 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
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