The company will pay an annual coupon of 8.95% on this issue, and had invited bids from bankers and investors earlier in the day, the merchant bankers said. The bonds are rated "AA+" by CARE Ratings and India Ratings, and the issue will be settled on Tuesday. In February, the company raised 700 million rupees through bonds maturing in 10 years at a coupon of 9.10%. ($1 = 82.2120 Indian rupees) (Reporting by Dharamraj Dhutia and Bhakti Tambe; Editing by Shilpi Majumdar)
MUMBAI, March 13 (Reuters) - India's Shriram Housing Finance
has accepted bids worth 750 million rupees ($9.12 million) for
bonds maturing in three years, three merchant bankers said on
Monday.
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.