In January, the company had raised 8.57 billion rupees selling bonds maturing in five years at an annual coupon of 7.88%. ($1 = 82.4840 Indian rupees) (Reporting by Dharamraj Dhutia; Editing by Janane Venkatraman)
MUMBAI, March 17 (Reuters) - India's Bajaj Finance plans to raise at least 10 billion Indian rupees
($121.24 million) selling bonds maturing in 10 years, three
merchant bankers said on Friday.
The non-banking financial company has invited bids from
bankers and investors on Monday, they said.
The notes are rated AAA by CRISIL and India Ratings and the
issue will be settled next week.
The issue has a greenshoe option to retain an additional 50
billion rupees.
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