MUMBAI, March 17 (Reuters) - India's Edel Finance has
accepted bids worth 1.63 billion rupees ($19.74 million) for
bonds maturing in one year and 12 days, three merchant bankers
said on Friday.
The company will offer a yield of 9.50% for this issue, and
had invited bids from bankers and investors on Thursday, they
said.
The bonds are rated AA by CRISIL, and the issue will be
settled later in the day.
($1 = 82.5870 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing by Dhanya Ann Thoppil)
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