MUMBAI, March 16 (Reuters) - India's Ecap Equities has
accepted bids worth an aggregate of 468 million rupees ($5.65
million) for zero-coupon bonds, one maturing in April 2026 and
the other in February 2027, two merchant bankers said on
Thursday.
The company had invited bids from investors and bankers for
both the bond issuances on Wednesday, and will offer a yield of
12.06% and 12.13%, respectively, the bankers said.
The bonds are rated AA- by CRISIL, and the issues will be
settled later in the day.
($1 = 82.8800 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Sherry
Jacob-Phillips)
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