($1 = 82.7060 Indian rupees) (Reporting by Bhakti Tambe; Editing by Savio D'Souza)
MUMBAI, March 16 (Reuters) - India's Sundaram Home Finance
plans to raise 1.5 billion rupees ($18.14 million) through bonds
maturing in three years, three merchant bankers said on
Thursday.
The company will pay a coupon of 8.31% on this bond issue,
for which it has invited bids on Friday, they said.
The bonds are rated AAA by ICRA and the issue will be
settled next week.
In February, the company raised 1.75 billion rupees through
bonds maturing in three years at a coupon of 7.97%.
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