Earlier, this month, the company had raised 5.23 billion rupees selling bonds maturing in five years. ($1 = 82.2320 Indian rupees) (Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Sohini Goswami)
MUMBAI, March 13 (Reuters) - India's Aditya Birla Finance
plans to raise at least 1.50 billion rupees ($18.24 million)
through the sale of bonds maturing in three years and six
months, three merchant bankers said on Monday.
The non-banking financial company will pay an annual coupon
of 8.30% on the issue, and has invited bids from bankers and
investors on Wednesday, they said.
The bonds are rated AAA by ICRA and India Ratings and the
issue will be settled later this week.
The issue has a greenshoe option to retain an additional
2.50 billion rupees.
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.