($1 = 82.7850 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Varun H K)
MUMBAI, March 16 (Reuters) - Toyota Financial Services India
plans to raise 1.50 billion rupees ($18.1 million) through the
sale of bonds maturing in three years and three months, three
merchant bankers said on Thursday.
The non-banking financial company will pay an annual coupon
of 8.35% on this issue, and has invited commitment bids from
bankers and investors on Friday, they said.
The bonds are rated AAA by ICRA, and will be settled next
week.
In November, the company had raised three billion rupees
selling bonds maturing in three years and one month at an annual
coupon of 8.00%.
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