off-the-wire

India New Issue-Crest Ventures accepts bids for over 1-year bonds - bankers

Kitco Media
By Reuters
Published:
Updated:
Reuters
MUMBAI, March 17 (Reuters) - India's Crest Ventures has accepted bids worth 909 million rupees ($11 million) for bonds maturing in one year and three months, two bankers said on Friday.


The company will pay a coupon of 12.00% on this issue, for which it had invited bids from bankers and investors on Thursday, they said.


The bonds are rated BBB by CARE and will mature in June 2024. The issue will be settled later in the day.
($1 = 82.5870 Indian rupees) (Reporting by Dharamraj Dhutia Editing by Sonia Cheema)

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