($1 = 82.4525 Indian rupees) (Reporting by Bhakti Tambe; Editing by Varun H K)
bhakti.rajendratambe.thomsonreuters.com@reuters.net Twiter: )) MUMBAI, March 15 (Reuters) - India's Spandana Sphoorty
Financial Ltd plans to raise 1.25 billion rupees
($15.2 million) through bonds maturing in two years, two
merchant bankers said on Wednesday.
The company will pay a coupon of 10.50% on this bond issue,
for which it has invited bids from investors and bankers on
Thursday.
The bonds are rated A by India Ratings.
In December, the company had raised an aggregate of 3
billion rupees for bonds maturing in two years and four months,
and in three years, both at an annual coupon of 11.35%.
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