MUMBAI, March 13 (Reuters) - India's Tata Capital
Financial Services has accepted bids worth 40 billion rupees
($486.14 million) for separately transferable redeemable
principal part (STRPP) bonds maturing in three years and four
years, three merchant bankers said on Monday
The non-banking financial company will pay a coupon of 8.30%
on this bond issue for which it had invited bids from bankers
and investors earlier in the day.
The four-year bond has a put option at end of three years.
The notes are rated AAA by CRISIL and ICRA and the issue
will be settled later this week.
In February, the company raised an aggregate of 3.63 billion
rupees selling three-year and three-month bonds, a reissue of
7.95% Feb 2028 bonds, and via notes maturing in 10 years.
($1 = 82.2800 Indian rupees)
(Reporting by Bhakti Tambe and Dharamraj Dhutia; Editing by
Savio D'Souza)
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