($1 = 82.3260 Indian rupees) (Reporting by Dharamraj Dhutia Editing by)
MUMBAI, March 14 (Reuters) - India's Aditya Birla Finance
has accepted bids worth 1 billion rupees ($12.2 million) for the
reissue of 8.12% November 2032 bonds, three merchant bankers
said on Tuesday.
The non-banking finance company will offer a yield of 8.20%
for this issue and had invited bids from bankers and investors
earlier in the day, they said.
The bonds are rated AAA by ICRA and India Ratings and the
issue will be settled on Wednesday.
Earlier, this month, the company raised 5.23 billion rupees
selling bonds maturing in five years.
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