MUMBAI, March 15 (Reuters) - India's NIIF Infrastructure
Finance has accepted bids worth 1.51 billion rupees ($18.3
million) through bonds maturing in five years, three merchant
bankers said on Wednesday.
The company will pay a coupon of 8.0550% on this issue, for
which it had invited bids from bankers and investors earlier in
the day, they said.
The bonds are rated AAA by ICRA and the issue will be
settled on Thursday.
In February, the company raised 1.58 billion rupees through
reissue of 7.98% February 2028 bonds at a cutoff price of 99.55
rupees.
($1 = 82.5850 Indian rupees)
(Reporting by Dharamraj Dhutia
Editing by Sonia Cheema)
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