The bonds also have a put option at the end of the first year.
The bonds are rated A+ by ICRA and the issue will be settled next week.
($1 = 82.7430 Indian rupees) (Reporting by Bhakti Tambe; Editing by Janane Venkatraman Editing by)
MUMBAI, March 16 (Reuters) - India's Oxyzo Financial
Services plans to raise 200 million rupees ($2.42 million)
through bonds maturing in two years, three bankers said on
Thursday.
The company will pay a coupon of 9.75% on this bond issue
for which it has invited bids on Friday, they said.
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